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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.

CBOT_ZL.K23
Open High Low ZL.K23 Price Change
65.56 65.56 65.56 65.56 -0.22
Entry Signal

MarketClub’s Trade Triangles for ZL.K23

long term up The long-term trend has been UP since Jan 12th, 2022 at 56.83

intermediate term down The intermediate-term trend has been DOWN since Jun 16th, 2022 at 71.39

short term up 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).

-55
Smart Scan Analysis for ZL.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
65.56 65.56 65.56 65.56 -0.22
Prev. Close Volume Bid Ask Time
65.78 1440 2022-06-29 20:53:38
Expiration2023-05-12Open Time20:00
Close Time14:20
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