Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
SOYBEAN OIL May 2023 (CBOT:ZL.K23)
Sidelines Mode (-55) - ZL.K23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZL.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.K23
The long-term trend has been UP since Jan 12th, 2022 at 56.83
The intermediate-term trend has been DOWN since Jun 16th, 2022 at 71.39
The short-term trend has been UP since Jun 27th, 2022 at 64.59
Smart Scan Analysis for ZL.K23
Based on our trend formula, ZL.K23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).