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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.

CBOT_ZL.K21
Open High Low ZL.K21 Price Change
49.72 50.03 49.25 49.29 -0.38
Entry Signal

MarketClub’s Trade Triangles for ZL.K21

long term up The long-term trend has been UP since Jul 8th, 2020 at 30.00

intermediate term up The intermediate-term trend has been UP since Nov 4th, 2020 at 34.13

short term up 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).

+90
Smart Scan Analysis for ZL.K21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
49.72 50.03 49.25 49.29 -0.38
Prev. Close Volume Bid Ask Time
49.67 15413 2021-03-03 09:42:18
Expiration2021-05-14Open Time20:00
Close Time14:20
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