Future Trend Analysis Report
Prepared for you on Friday, September 25, 2020.
SOYBEAN OIL Dec 2021 (CBOT:ZL.Z21)
Crossroads (-60) - ZL.Z21 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Sep 23rd, 2020 at 32.68
The short-term trend has been DOWN since Sep 20th, 2020 at 33.67
Smart Scan Analysis for ZL.Z21
Based on our trend formula, ZL.Z21 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).