Future Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
SOYBEAN OIL Dec 2021 (CBOT:ZL.Z21)
Strong Uptrend (+100) - ZL.Z21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZL.Z21 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.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 Apr 18th, 2021 at 47.99
The short-term trend has been UP since May 12th, 2021 at 58.18
Smart Scan Analysis for ZL.Z21
Based on our trend formula, ZL.Z21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).