Future Trend Analysis Report
Prepared for you on Saturday, September 19, 2020.
SOYBEAN OIL Aug 2021 (CBOT:ZL.Q21)
Long-Term Uptrend (+90) - ZL.Q21 is in a strong uptrend that is likely to continue. While ZL.Q21 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.Q21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Q21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.Q21
The long-term trend has been UP since Jul 16th, 2020 at 30.23
The intermediate-term trend has been UP since May 18th, 2020 at 28.30
The short-term trend has been UP since Sep 11th, 2020 at 33.89
Smart Scan Analysis for ZL.Q21
Based on our trend formula, ZL.Q21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).