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Future Trend Analysis Report

Prepared for you on Friday, January 27, 2023.

SOYBEAN OIL Dec 2023 (CBOT:ZL.Z23)

Sidelines Mode (-55) - ZL.Z23 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.Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Z23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CBOT_ZL.Z23
Open High Low ZL.Z23 Price Change
59.31 59.75 59.28 59.37 +0.09
Entry Signal

MarketClub’s Trade Triangles for ZL.Z23

long term up The long-term trend has been UP since Nov 1st, 2022 at 62.66

intermediate term down The intermediate-term trend has been DOWN since Jan 24th, 2023 at 59.35

short term up The short-term trend has been UP since Jan 27th, 2023 at 59.50

Smart Scan Analysis for ZL.Z23

Based on our trend formula, ZL.Z23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for ZL.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
59.31 59.75 59.28 59.37 +0.09
Prev. Close Volume Bid Ask Time
59.28 542 2023-01-27 08:44:15
Expiration2023-12-14Open Time20:00
Close Time14:20
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