Future Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
SOYBEAN OIL Jul 2024 (CBOT:ZL.N24)
Crossroads (-60) - ZL.N24 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZL.N24?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.N24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.N24
The long-term trend has been UP since Jul 3rd, 2023 at 56.81
The intermediate-term trend has been DOWN since Sep 18th, 2023 at 58.82
The short-term trend has been DOWN since Sep 18th, 2023 at 59.50
Smart Scan Analysis for ZL.N24
Based on our trend formula, ZL.N24 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).