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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.

CBOT_ZL.U20
Open High Low ZL.U20 Price Change
27.48 27.48 26.94 27.01 -0.44
Entry Signal

MarketClub’s Trade Triangles for ZL.U20

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 30.91

intermediate term up The intermediate-term trend has been UP since May 11th, 2020 at 27.09

short term down 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).

-55
Smart Scan Analysis for ZL.U20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.48 27.48 26.94 27.01 -0.44
Prev. Close Volume Bid Ask Time
27.72 4503 2020-05-22 14:19:44
First Delivery2020-09-30Expiration2020-09-14
Open Time20:00Close Time14:20
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