Future Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
SOYBEAN OIL Jul 2020 (CBOT:ZL.N20)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ZL.N20
The long term trend has been UP since Aug 8th, 2019 at 30.43
The intermediate term trend has been UP since Jul 25th, 2019 at 30.21
The short term trend has been DOWN since Nov 7th, 2019 at 32.57
Smart Scan Analysis for ZL.N20
Based on a pre-defined weighted trend formula for chart analysis, ZL.N20 scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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