Future Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
SOYBEAN OIL Sep 2020 (CBOT:ZL.U20)
Sidelines Mode (-55) - ZL.U20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZL.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.U20
The long-term trend has been DOWN since Feb 3rd, 2020 at 30.91
The intermediate-term trend has been UP since May 11th, 2020 at 27.09
The short-term trend has been DOWN since May 21st, 2020 at 27.37
Smart Scan Analysis for ZL.U20
Based on our trend formula, ZL.U20 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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