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.
MarketClub’s Trade Triangles for ZL.Q20
The long-term trend has been UP since Jul 15th, 2020 at 28.87
The intermediate-term trend has been UP since Jul 15th, 2020 at 28.85
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).
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