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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.

CBOT_ZL.V23
Open High Low ZL.V23 Price Change
59.60 60.50 59.60 60.42 +0.85
Entry Signal

MarketClub’s Trade Triangles for ZL.V23

long term down The long-term trend has been DOWN since Jul 1st, 2022 at 61.49

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2022 at 59.00

short term down 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).

+55
Smart Scan Analysis for ZL.V23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
59.60 60.50 59.60 60.42 +0.85
Prev. Close Volume Bid Ask Time
60.49 109 2022-08-19 13:47:30
Expiration2023-10-13Open Time20:00
Close Time14:20
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