Future Trend Analysis Report
Prepared for you on Saturday, August 20, 2022.
SOYBEAN OIL Oct 2023 (CBOT:ZL.V23)
Sidelines Mode (+55) - ZL.V23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZL.V23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.V23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.V23
The long-term trend has been DOWN since Jul 1st, 2022 at 61.49
The intermediate-term trend has been UP since Jul 28th, 2022 at 59.00
The short-term trend has been DOWN since Aug 16th, 2022 at 61.81
Smart Scan Analysis for ZL.V23
Based on our trend formula, ZL.V23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).