We just updated our ZL forecast. Let me begin by first sharing our forecast from May of this year. At that time we stated the following….
- “In summary, ZL will reach $37 around July/August of 2024 and then start a long-term rally into the next major up cycle scheduled to arrive in 2027.”
Thus far, ZL has bottomed at $37.66 on August 12th. Not bad if you ask me. We actually took a long position on
8/16/2024 – Soybean Futures (ZL) – Weekly stock. We had an exact hit on our longer-term bottom target at $37. Our long position was triggered on August 16th at $38. Significant long-term rally is expected. Stop loss at $35.50
And this is where it gets interesting. As suggested above, a significant rally in Soybean Futures is expected going forward.
That’s exactly the kind of setups we are looking for. A clear upcoming time/price turning point, a tight stop loss and a subsequent forecast that clearly projects a significant move of 300%+ to the upside.
If you would like to see our current ZL forecast, and our associated time/price targets, please Click Here.