Future Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
SOYBEAN OIL Oct 2020 (CBOT:ZL.V20)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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.V20
The long term trend has been DOWN since Mar 29th, 2019 at 30.95
The intermediate term trend has been UP since May 20th, 2019 at 29.89
The short term trend has been UP since Jun 13th, 2019 at 29.65
Smart Scan Analysis for ZL.V20
Based on a pre-defined weighted trend formula for chart analysis, ZL.V20 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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