Future Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
SOYBEAN OIL May 2021 (CBOT:ZL.K21)
Long-Term Uptrend (+90) - ZL.K21 is in a strong uptrend that is likely to continue. While ZL.K21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZL.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.K21
The long-term trend has been UP since Jul 8th, 2020 at 30.00
The intermediate-term trend has been UP since Nov 4th, 2020 at 34.13
The short-term trend has been UP since Feb 5th, 2021 at 44.30
Smart Scan Analysis for ZL.K21
Based on our trend formula, ZL.K21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).