Future Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
SOYBEAN OIL Dec 2021 (CBOT:ZL.Z21)
Bull Market Weakness (+75) - ZL.Z21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZL.Z21 as it may be in the beginning stages of a reversal.
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 Oct 5th, 2021 at 59.21
The short-term trend has been DOWN since Oct 22nd, 2021 at 62.22
Smart Scan Analysis for ZL.Z21
Based on our trend formula, ZL.Z21 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).