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.
MarketClub’s Trade Triangles for ZL.V21
The long-term trend has been UP since Jul 17th, 2020 at 30.28
The intermediate-term trend has been DOWN since Sep 23rd, 2020 at 32.71
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).