Future Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
SOYBEAN OIL Aug 2019 (CBOT:ZL.Q19)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ZL.Q19
The long term trend has been DOWN since Apr 23rd, 2019 at 28.83
The intermediate term trend has been UP since May 29th, 2019 at 27.90
The short term trend has been UP since Jul 19th, 2019 at 28.11
Smart Scan Analysis for ZL.Q19
Based on a pre-defined weighted trend formula for chart analysis, ZL.Q19 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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