Soybean Oil Weekly Roundup - Week ending: Aug 29, 2025

🌱 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