Future Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
SOYBEAN OIL Oct 2020 (CBOT:ZL.V20)
Crossroads (+60) - ZL.V20 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.V20?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.V20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.V20
The long-term trend has been DOWN since Feb 3rd, 2020 at 30.97
The intermediate-term trend has been UP since Apr 7th, 2020 at 27.97
The short-term trend has been UP since Apr 6th, 2020 at 27.37
Smart Scan Analysis for ZL.V20
Based on our trend formula, ZL.V20 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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