Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Monday, September 25, 2023.

SOYBEAN OIL Sep 2023 (CBOT:ZL.U23)

Weak Downtrend (-65) - ZL.U23 is showing signs of a strengthening downtrend. Monitor ZL.U23 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid ZL.U23?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.U23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CBOT_ZL.U23
Open High Low ZL.U23 Price Change
63.71 63.71 62.51 64.43 -0.81
Entry Signal

MarketClub’s Trade Triangles for ZL.U23

long term up The long-term trend has been UP since Jul 2nd, 2023 at 60.20

intermediate term down The intermediate-term trend has been DOWN since Sep 8th, 2023 at 63.96

short term down The short-term trend has been DOWN since Aug 30th, 2023 at 66.31

Smart Scan Analysis for ZL.U23

Based on our trend formula, ZL.U23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZL.U23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
63.71 63.71 62.51 64.43 -0.81
Prev. Close Volume Bid Ask Time
62.93 3 2023-09-12 12:21:12
Expiration2023-09-14Open Time20:00
Close Time14:20
Get a free daily analysis and signals for SOYBEAN OIL Sep 2023 (ZL.U23) - Request Your Free Report.