Future Trend Analysis Report
Prepared for you on Monday, July 15, 2019.
SOYBEAN OIL Oct 2019 (CBOT:ZL.V19)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ZL.V19
The long term trend has been DOWN since Apr 23rd, 2019 at 29.08
The intermediate term trend has been UP since May 30th, 2019 at 28.15
The short term trend has been UP since Jul 15th, 2019 at 28.65
Smart Scan Analysis for ZL.V19
Based on a pre-defined weighted trend formula for chart analysis, ZL.V19 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||20:00||Close Time||14:20|