Future Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
SOYBEAN OIL Jul 2022 (CBOT:ZL.N22)
Countertrend Up (+85) - ZL.N22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZL.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.N22
The long-term trend has been UP since Jul 17th, 2020 at 30.65
The intermediate-term trend has been UP since Nov 4th, 2020 at 32.60
The short-term trend has been DOWN since Nov 23rd, 2020 at 34.61
Smart Scan Analysis for ZL.N22
Based on our trend formula, ZL.N22 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).