Soybean Oil Weekly Roundup - Week ending: Aug 29, 2025Soybean Oil FuturesCBOT:ZL1!Southwind-CT🌱 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