🌱 Soybean Oil Weekly Roundup by Southwind 🌱
🗓️ Week ending: Aug 29, 2025
📊 Price & Chart
- Daily: Soft close, momentum weak, price under key moving averages.
- Weekly: Strong **rounded bottom** base building since 2024. Soybean’s bullish setup may help push soy oil higher.
🟢 Key Technicals
- Support: 51.13–49.79 (retracement zone, high volume area).
- Resistance: 57.17 level (major weekly barrier). Breakout above confirms uptrend.
- RSI: Neutral, still not overbought.
🌾 Soybean Factor
- Soybeans are in a bullish pattern, which usually lifts soybean oil due to their processing link (crush spread correlation).
🧭 Fundamentals
- USDA: Ample US stocks, balance sheet steady for now.
- Biofuels: Bigger 2025/26 demand projection supports medium-term outlook. ⛽
- Vegoil Market: Palm/sunflower still weighing on short-term prices, but watch for reversal.
💼 Flows & Traders
- Specs still cautious, but cross-commodity rally potential as soybeans lead. Prepare for possible upside if bull trend develops.
🚦Triggers
- 🟢 Bull signal: Break above 57.17 with volume and soybean strength.
- 🟡 Range/neutral: Bounce from support, chop likely unless soybean rally accelerates.
- 🔴 Bear risk: Loss of 49.79 support zone targets deeper base.
#Soybean Oil #ZL1! #ZL
🗓️ Week ending: Aug 29, 2025
📊 Price & Chart
- Daily: Soft close, momentum weak, price under key moving averages.
- Weekly: Strong **rounded bottom** base building since 2024. Soybean’s bullish setup may help push soy oil higher.
🟢 Key Technicals
- Support: 51.13–49.79 (retracement zone, high volume area).
- Resistance: 57.17 level (major weekly barrier). Breakout above confirms uptrend.
- RSI: Neutral, still not overbought.
🌾 Soybean Factor
- Soybeans are in a bullish pattern, which usually lifts soybean oil due to their processing link (crush spread correlation).
🧭 Fundamentals
- USDA: Ample US stocks, balance sheet steady for now.
- Biofuels: Bigger 2025/26 demand projection supports medium-term outlook. ⛽
- Vegoil Market: Palm/sunflower still weighing on short-term prices, but watch for reversal.
💼 Flows & Traders
- Specs still cautious, but cross-commodity rally potential as soybeans lead. Prepare for possible upside if bull trend develops.
🚦Triggers
- 🟢 Bull signal: Break above 57.17 with volume and soybean strength.
- 🟡 Range/neutral: Bounce from support, chop likely unless soybean rally accelerates.
- 🔴 Bear risk: Loss of 49.79 support zone targets deeper base.
#Soybean Oil #ZL1! #ZL
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.