Future Trend Analysis Report
Prepared for you on Monday, August 2, 2021.
SOYBEAN OIL Jul 2022 (CBOT:ZL.N22)
Weak Downtrend (-65) - ZL.N22 is showing signs of a strengthening downtrend. Monitor ZL.N22 as it may be building momentum to the downside.
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 DOWN since Aug 2nd, 2021 at 58.60
The short-term trend has been DOWN since Jul 28th, 2021 at 59.86
Smart Scan Analysis for ZL.N22
Based on our trend formula, ZL.N22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).