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In today’s video, Trent Klarenbach provides an analysis of the Soybean Futures continuous chart as of August 13, 2025.
Video Summary
Ascending Triangle Formation: The weekly chart of Soybean Futures continuous contract displays an ascending triangle pattern. This pattern is characterized by a horizontal resistance level at the top and successively higher lows on the bottom trendline, indicating building bullish energy.
Resistance Tests: The chart shows repeated tests of the upper resistance trendline (currently between $10.65 and $10.80), suggesting seller exhaustion and an anticipated push higher. This could be the fourth to sixth test of this critical level.
Moving Average Analysis (Weekly): The price has moved back above the 50-week moving average (green line), which is a positive indicator for the medium-term trend. The 200-week moving average (purple line) was broken on the upside but has not yet been retested.
Moving Average Analysis (Daily): The daily chart shows the price is above the 200-day moving average, and the 50-day moving average is starting to flatten and rise, further supporting a positive outlook.
Volume-Weighted Average Price (VWAP): The price is currently trading above the year-to-date VWAP (light blue line), which previously acted as resistance in July and last week, but has now been decisively broken.
Potential Price Targets: Should the price break above the current resistance zone of $10.65 to $10.80, the next level of interest is $11.42.
Conclusion: The technical analysis suggests a favorable outlook for soybean prices, with the ascending triangle pattern and moving average alignments indicating potential for an upward rally. Close monitoring of the identified resistance levels is advised.
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Nothing written, expressed, or implied here should be considered investment advice or an admonition to buy, sell, or trade any security or financial instrument. As always, do your own due diligence.
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