Future Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
SOYBEAN OIL Jul 2021 (CBOT:ZL.N21)
Strong Downtrend (-100) - ZL.N21 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for ZL.N21
The long-term trend has been DOWN since Feb 19th, 2020 at 32.07
The intermediate-term trend has been DOWN since Jan 15th, 2020 at 34.66
The short-term trend has been DOWN since Feb 7th, 2020 at 32.78
Smart Scan Analysis for ZL.N21
Based on our trend formula, ZL.N21 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).