Free Daily Analysis
Future Trend Analysis Report
Prepared for you on Tuesday, January 25, 2022.
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.
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MarketClub’s Trade Triangles for ZL.K22
The long-term trend has been UP since Jan 20th, 2022 at 62.13
The intermediate-term trend has been UP since Jan 4th, 2022 at 57.28
The short-term trend has been UP since Jan 18th, 2022 at 58.90
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 62.16 | 62.95 | 61.95 | 62.69 | +0.75 |
| Prev. Close | Volume | Bid | Ask | Time |
| 61.94 | 22134 | 2022-01-25 13:59:29 |
| Expiration | 2022-05-13 | Open Time | 20:00 |
| Close Time | 14:20 |