Future Trend Analysis Report
Prepared for you on Friday, September 24, 2021.
SOYBEAN OIL Sep 2021 (CBOT:ZL.U21)
Crossroads (-60) - ZL.U21 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.U21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.U21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.U21
The long-term trend has been UP since Jul 17th, 2020 at 30.30
The intermediate-term trend has been DOWN since Aug 5th, 2021 at 61.68
The short-term trend has been DOWN since Sep 8th, 2021 at 58.80
Smart Scan Analysis for ZL.U21
Based on our trend formula, ZL.U21 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).