Future Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
SOYBEAN OIL Dec 2022 (CBOT:ZL.Z22)
Long-Term Uptrend (+90) - ZL.Z22 is in a strong uptrend that is likely to continue. While ZL.Z22 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.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.Z22
The long-term trend has been UP since Nov 5th, 2020 at 32.71
The intermediate-term trend has been UP since Oct 5th, 2021 at 56.28
The short-term trend has been UP since Oct 15th, 2021 at 55.80
Smart Scan Analysis for ZL.Z22
Based on our trend formula, ZL.Z22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).