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Future Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

SOYBEAN OIL Dec 2022 (CBOT:ZL.Z22)

Sidelines Mode (-55) - ZL.Z22 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

CBOT_ZL.Z22
Open High Low ZL.Z22 Price Change
67.94 67.94 65.12 66.94 -1.03
Entry Signal

MarketClub’s Trade Triangles for ZL.Z22

long term down The long-term trend has been DOWN since Jul 1st, 2022 at 62.53

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2022 at 62.65

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 66.30

Smart Scan Analysis for ZL.Z22

Based on our trend formula, ZL.Z22 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for ZL.Z22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
67.94 67.94 65.12 66.94 -1.03
Prev. Close Volume Bid Ask Time
67.92 47331 2022-08-15 14:19:53
Expiration2022-12-14Open Time20:00
Close Time14:20
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