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Future Trend Analysis Report

Prepared for you on Wednesday, August 5, 2020.

SOYBEAN OIL Aug 2020 (CBOT:ZL.Q20)

Long-Term Uptrend (+90) - ZL.Q20 is in a strong uptrend that is likely to continue. While ZL.Q20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid ZL.Q20?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Q20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CBOT_ZL.Q20
Open High Low ZL.Q20 Price Change
31.67 31.67 31.38 31.55 -0.19
Entry Signal

MarketClub’s Trade Triangles for ZL.Q20

long term up The long-term trend has been UP since Jul 15th, 2020 at 28.87

intermediate term up The intermediate-term trend has been UP since Jul 15th, 2020 at 28.85

short term up The short-term trend has been UP since Jul 30th, 2020 at 29.88

Smart Scan Analysis for ZL.Q20

Based on our trend formula, ZL.Q20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for ZL.Q20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
31.67 31.67 31.38 31.55 -0.19
Prev. Close Volume Bid Ask Time
27.75 319 2020-08-04 17:28:30
First Delivery2020-08-31Expiration2020-08-14
Open Time20:00Close Time14:20
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