Future Trend Analysis Report
Prepared for you on Monday, May 10, 2021.
SOYBEAN OIL Oct 2022 (CBOT:ZL.V22)
Long-Term Uptrend (+90) - ZL.V22 is in a strong uptrend that is likely to continue. While ZL.V22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZL.V22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.V22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.V22
The long-term trend has been UP since Oct 25th, 2020 at 31.20
The intermediate-term trend has been UP since Apr 20th, 2021 at 44.77
The short-term trend has been UP since Apr 20th, 2021 at 44.61
Smart Scan Analysis for ZL.V22
Based on our trend formula, ZL.V22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).