Date: 30/09/2025 | Timeframe: D1 | Contract Code: ZSX25
1. Trend Overview and Price Structure
Soybean futures (Nov 2025) remain under pressure after failing to hold the 10,500 resistance. Prices are trading below 10,200 and are testing the psychological 10,000 level, with risks of retesting the 9,790 support. The dominant trend remains bearish.
2. Key Technical Levels
Resistance: 10,160 – 10,500 – 10,750
Support: 10,000 – 9,790 – 9,610
3. Detailed Technical Analysis
Short-term trend: The bearish momentum persists, with consecutive red candles confirming seller dominance.
Trading volume: No major spikes, but sellers remain in control.
Wave structure: A new bearish wave is unfolding, with 9,790 as the immediate target.
Confirmation signals: A recovery above 10,160 is needed to invalidate the bearish outlook.
4. VNC Intelligence Strategic View
With the U.S. 2025 harvest nearing completion and expectations for strong yields, supply pressure remains elevated. Meanwhile, slower Chinese demand adds to the bearish tone. Only unexpected weather disruptions or acreage cuts in 2026 planting could shift sentiment back to bullish.
5. Suggested Technical Strategies
Primary Short Setup:
Entry: 10,050 – 10,100
TP: 9,790
SL: 10,220
Probability: 65%
Counter-trend Long Setup:
Entry: 9,790 – 9,810
TP: 10,050
SL: 9,610
Probability: 50%
6. Corporate Hedging Guidance
Importers may consider gradual buying around 9,800 – 9,790 to secure costs, while U.S. farmers are advised to lock in partial sales near 10,100 – 10,200 to protect margins amid a prevailing bearish environment.
1. Trend Overview and Price Structure
Soybean futures (Nov 2025) remain under pressure after failing to hold the 10,500 resistance. Prices are trading below 10,200 and are testing the psychological 10,000 level, with risks of retesting the 9,790 support. The dominant trend remains bearish.
2. Key Technical Levels
Resistance: 10,160 – 10,500 – 10,750
Support: 10,000 – 9,790 – 9,610
3. Detailed Technical Analysis
Short-term trend: The bearish momentum persists, with consecutive red candles confirming seller dominance.
Trading volume: No major spikes, but sellers remain in control.
Wave structure: A new bearish wave is unfolding, with 9,790 as the immediate target.
Confirmation signals: A recovery above 10,160 is needed to invalidate the bearish outlook.
4. VNC Intelligence Strategic View
With the U.S. 2025 harvest nearing completion and expectations for strong yields, supply pressure remains elevated. Meanwhile, slower Chinese demand adds to the bearish tone. Only unexpected weather disruptions or acreage cuts in 2026 planting could shift sentiment back to bullish.
5. Suggested Technical Strategies
Primary Short Setup:
Entry: 10,050 – 10,100
TP: 9,790
SL: 10,220
Probability: 65%
Counter-trend Long Setup:
Entry: 9,790 – 9,810
TP: 10,050
SL: 9,610
Probability: 50%
6. Corporate Hedging Guidance
Importers may consider gradual buying around 9,800 – 9,790 to secure costs, while U.S. farmers are advised to lock in partial sales near 10,100 – 10,200 to protect margins amid a prevailing bearish environment.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.