Future Trend Analysis Report
Prepared for you on Saturday, January 22, 2022.
SOYBEAN OIL Sep 2022 (CBOT:ZL.U22)
Bull Market Weakness (+75) - ZL.U22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZL.U22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZL.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.U22
The long-term trend has been UP since Jan 20th, 2022 at 59.43
The intermediate-term trend has been UP since Dec 29th, 2021 at 56.35
The short-term trend has been DOWN since Jan 18th, 2022 at 57.17
Smart Scan Analysis for ZL.U22
Based on our trend formula, ZL.U22 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).