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.
MarketClub’s Trade Triangles for ZL.Z20
The long-term trend has been DOWN since Feb 3rd, 2020 at 31.29
The intermediate-term trend has been UP since Apr 6th, 2020 at 28.34
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).
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