Future Trend Analysis Report
Prepared for you on Sunday, April 18, 2021.
SOYBEAN OIL May 2022 (CBOT:ZL.K22)
Bull Market Weakness (+75) - ZL.K22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZL.K22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZL.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.K22
The long-term trend has been UP since Jul 16th, 2020 at 30.00
The intermediate-term trend has been DOWN since Mar 30th, 2021 at 43.61
The short-term trend has been UP since Apr 16th, 2021 at 45.85
Smart Scan Analysis for ZL.K22
Based on our trend formula, ZL.K22 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).