Resistance test: Can Soybean Futures price break out above USX1,180?

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Soybean Futures slips 0.15% today

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11.08.2026

Resistance test: Can Soybean Futures price break out above USX1,180? — Soybean Futures slips 0.15% today

Soybean Futures (ZS) is trading at USX1,177.75 with a slight daily decline, positioned below its key moving averages.

ZS price prediction

24H -0.46%

1,231.5¢

48H -0.56%

1,230.38¢

7D -0.67%

1,229¢

1M -4.88%

1,176.88¢

3M 4.3%

1,290.5¢

6M 7.6%

1,331.25¢

12M 18.41%

1,465¢

Current price: 1,237.25¢ 2.50 0.20%

Real-time Data 09:39

Daily range 1230.75

1239.75

Weekly range 1226.50

1261.25

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Highlights

ZS/USX trades below short- and medium-term moving averages but remains above the long-term trend, indicating seller pressure with underlying support.
Oversold oscillator signals clash with neutral trend indicators, as intraday price action shows sellers dominating and persisting weakness.
For the next 2 to 3 days, price is expected to consolidate between USX1,171 and USX1,184 with a high likelihood of downside.

Bearish momentum as technical barriers limit recovery

ZS/USX is trading below both the MA-20 and MA-50 on the H1 timeframe, while remaining above the long-term MA-200. The Ichimoku Kijun level at USX1,180 is acting as immediate resistance. Momentum readings are mixed, with MACD and ADX both neutral, RSI showing a sell bias, and both Stoch RSI and CCI indicating oversold conditions. Bull/Bear Power confirms seller dominance on an intraday basis, and Awesome Oscillator supports a prevailing bearish tone. Persistent weakness is evident as the price holds near the day's low amid low volatility.

Downside risk elevated as consolidation range holds

For the next 2 to 3 trading days, ZS is expected to consolidate between USX1,171 and USX1,184, reflecting typical volatility for the current environment. The up probability remains very low, while the risk of a further move lower is pronounced. A bullish breakout would require a move above immediate resistance at USX1,180, whereas a close below support at USX1,171 could prompt additional downside.

Anton Kharitonov, Analyst at Traders Union, sees Soybean Futures pressured by negative technical signals and lack of bullish momentum. He points out the asset remains capped below the MA-20 and MA-50 while multiple indicators confirm bearish dominance. Kharitonov remains defensive until a move above USX1,180 signals any shift in sentiment. "As long as ZS trades under key resistance, I see little justification to expect a sustainable rebound in the coming days."

Earlier, analysts noted that Soybean Futures faced elevated downside risk as momentum indicators pointed to a weakening trend despite stable trade flows. The latest developments reinforce this view, with sustained bearish momentum highlighting USX1,171 as a critical support level to monitor for any potential further declines.

Source of Data: ZS Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.

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