This report was published earlier today in our subscriber section.
Soybean Oil Futures (ZL)
Date Of Analysis: November 21st, 2023
Our mathematical and timing analysis for Soybean Oil Futures (ZL) shows the following…..
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- We did see an important top for Soybean Oil in 2022 and we are now making our way to an important long-term bottom scheduled to arrive in XXXX.
- Mid-term, we anticipate ZL futures to rally into about XXXX of 2024. The exact date is XXXX, 2024 (+/- 5 trading days). We do not have a good PRICE projection for this top, but a print around $XX would suffice.
- Once this mid-term top arrives our work suggests ZL will exhibit signs of a fast mover by collapsing into XXXX of 2024 and a price of $XX +/-.
- Once this proposed major bottom arrives in 2024, ZL should begin its recovery into its next major cycle top.
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In summary, Soybean Futures present us with two opportunities going forward. First, a mid-cycle top scheduled to arrive in XXXX of 2024 followed by a fast move down into a major bottom at around $XXX. Then, a post major bottom (XXXX of 2024) rally into its next major cycle top.
We will be following ZL at these major turning points with better targeting analysis.
To view our detailed Soybean Oil analysis and report please Click HERE
If you would like to find out what the stock market will do next in both price and time, long-term and short-term, please Click Here. You can also find our MegaCap Stocks Time/Price Projections and our Fast Movers at the same link.
