Future Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
SOYBEAN OIL Dec 2021 (CBOT:ZL.Z21)
Long-Term Uptrend (+90) - ZL.Z21 is in a strong uptrend that is likely to continue. While ZL.Z21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZL.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.Z21
The long-term trend has been UP since Jul 17th, 2020 at 30.47
The intermediate-term trend has been UP since Nov 4th, 2020 at 33.15
The short-term trend has been UP since Feb 5th, 2021 at 40.54
Smart Scan Analysis for ZL.Z21
Based on our trend formula, ZL.Z21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).