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Future Trend Analysis Report

Prepared for you on Tuesday, October 27, 2020.

SOYBEAN OIL Oct 2021 (CBOT:ZL.V21)

Weak Uptrend (+65) - ZL.V21 is showing signs of weakening momentum to the upside. Monitor ZL.V21 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid ZL.V21?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.V21.

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

CBOT_ZL.V21
Open High Low ZL.V21 Price Change
32.70 33.16 32.67 32.68 0.00
Entry Signal

MarketClub’s Trade Triangles for ZL.V21

long term up The long-term trend has been UP since Jul 17th, 2020 at 30.28

intermediate term down The intermediate-term trend has been DOWN since Sep 23rd, 2020 at 32.71

short term up The short-term trend has been UP since Oct 21st, 2020 at 32.79

Smart Scan Analysis for ZL.V21

Based on our trend formula, ZL.V21 is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for ZL.V21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.70 33.16 32.67 32.68 0.00
Prev. Close Volume Bid Ask Time
33.97 377 2020-10-26 14:15:35
Expiration2021-10-14Open Time20:00
Close Time14:20
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