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Future Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

SOYBEAN OIL Dec 2020 (CBOT:ZL.Z20)

Bull Market Weakness (+75) - ZL.Z20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZL.Z20 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid ZL.Z20?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Z20.

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

CBOT_ZL.Z20
Open High Low ZL.Z20 Price Change
28.01 28.80 27.92 28.64 +0.63
Entry Signal

MarketClub’s Trade Triangles for ZL.Z20

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 31.29

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2020 at 28.34

short term up The short-term trend has been UP since Apr 6th, 2020 at 27.79

Smart Scan Analysis for ZL.Z20

Based on our trend formula, ZL.Z20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for ZL.Z20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28.01 28.80 27.92 28.64 +0.63
Prev. Close Volume Bid Ask Time
28.22 17089 2020-04-07 14:19:54
First Delivery2020-12-31Expiration2020-12-14
Open Time20:00Close Time14:20
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