Future Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
SOYBEAN OIL May 2024 (CBOT:ZL.K24)
Weak Downtrend (-65) - ZL.K24 is showing signs of a strengthening downtrend. Monitor ZL.K24 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ZL.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.K24
The long-term trend has been UP since Jul 3rd, 2023 at 57.78
The intermediate-term trend has been DOWN since Sep 11th, 2023 at 59.24
The short-term trend has been DOWN since Sep 18th, 2023 at 59.91
Smart Scan Analysis for ZL.K24
Based on our trend formula, ZL.K24 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).