Future Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
SOYBEAN OIL Dec 2023 (CBOT:ZL.Z23)
Strong Downtrend (-100) - ZL.Z23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZL.Z23 continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for ZL.Z23
The long-term trend has been DOWN since Oct 1st, 2023 at 55.66
The intermediate-term trend has been DOWN since Dec 5th, 2023 at 50.87
The short-term trend has been DOWN since Dec 1st, 2023 at 52.29
Smart Scan Analysis for ZL.Z23
Based on our trend formula, ZL.Z23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).