Future Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
SOYBEAN OIL Dec 2020 (CBOT:ZL.Z20)
Strong Uptrend (+100) - ZL.Z20 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZL.Z20 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for ZL.Z20
The long-term trend has been UP since Jul 7th, 2020 at 29.50
The intermediate-term trend has been UP since Oct 25th, 2020 at 34.41
The short-term trend has been UP since Dec 3rd, 2020 at 38.01
Smart Scan Analysis for ZL.Z20
Based on our trend formula, ZL.Z20 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Open Time||20:00||Close Time||14:20|