Future Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
SOYBEAN OIL May 2022 (CBOT:ZL.K22)
Strong Uptrend (+100) - ZL.K22 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZL.K22 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Oct 5th, 2021 at 58.49
The short-term trend has been UP since Oct 15th, 2021 at 59.07
Smart Scan Analysis for ZL.K22
Based on our trend formula, ZL.K22 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).