Future Trend Analysis Report
Prepared for you on Wednesday, June 7, 2023.
SOYBEAN OIL Aug 2023 (CBOT:ZL.Q23)
Crossroads (+60) - ZL.Q23 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.Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Q23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.Q23
The long-term trend has been DOWN since Mar 7th, 2023 at 58.29
The intermediate-term trend has been UP since Jun 4th, 2023 at 49.65
The short-term trend has been UP since Jun 2nd, 2023 at 47.91
Smart Scan Analysis for ZL.Q23
Based on our trend formula, ZL.Q23 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).