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Future Trend Analysis Report

Prepared for you on Friday, August 14, 2020.

SOYBEAN OIL Jul 2021 (CBOT:ZL.N21)

Long-Term Uptrend (+90) - ZL.N21 is in a strong uptrend that is likely to continue. While ZL.N21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid ZL.N21?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.N21.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CBOT_ZL.N21
Open High Low ZL.N21 Price Change
31.53 31.56 31.36 31.39 -0.10
Entry Signal

MarketClub’s Trade Triangles for ZL.N21

long term up The long-term trend has been UP since Jul 8th, 2020 at 30.19

intermediate term up The intermediate-term trend has been UP since Jul 8th, 2020 at 30.19

short term up The short-term trend has been UP since Aug 12th, 2020 at 31.26

Smart Scan Analysis for ZL.N21

Based on our trend formula, ZL.N21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for ZL.N21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
31.53 31.56 31.36 31.39 -0.10
Prev. Close Volume Bid Ask Time
29.27 264 2020-08-14 03:23:35
Expiration2021-07-14Open Time20:00
Close Time14:20
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