Soybean Market Update
Soybean analysis using Fibonacci and WD Gann
(ZSX25)
November
Since last week,
The day after, prices dipped below the 38.2% Fibonacci level at 1020.00, pushing the short-term trend back into negative territory. This level is crucial for this week since all closes were beneath short-term targets and the key Gann square at 1009.50, although today ended just above that number.
This situation remains unchanged.
The sideways trading between pivotal Gann squares at 1057.50 and 961.25 appears to be intensifying, and we think this might set the stage for a long-term bullish trend, provided prices can maintain themselves above the long-term 78.6% Fibonacci retracement at 976.00. The next upside target from the Major Gann Square at 1009.50 is situated at 1057.50.
This week’s swing point is established at 1009.50.
Should prices ascend past this point, following the ONE44 78.6% rule, the expected short-term target following a hold at 78.6% at 999.00 (dated 10/1/25) brings us back to 1048.00, the high noted on 22/08/25. Long-term projections are also noted.
The recent rally beyond the key Gann square and swing point (with a low at 1010.50) at 1009.50 has propelled the market upwards to around 1037.00, a significant level this week. The short-term target remains at 78.6% aimed for 1048.00, per the ONE44 78.6% rule, launching from the 78.6% retracement at 999.00 on 10/1/25.
Let’s consider 1037.00 as our swing point for this week.
If we move above this, according to the ONE44 78.6% guideline, the short-term target that follows a hold at 78.6% at 999.00 on 10/1/25 should reach up again toward 1048.00, noted in the same period. Should the Major Gann Square breach 1057.50, the long-term target area becomes Major Gann Square 1102.25, marking a 38.2% return towards the contract high of 1108.00. A failure to push through the major Gann square at 1057.50 might model an immediate backtrack to the previous Gann square at 1009.50.
Falling below this, in line with the ONE44 61.8% rule at the critical Gann square 1009.50, suggests a short-term target area near 1012.00. The long-term aim remains the long-term 78.6% level set at 976.00, and if there’s no upward movement from this region, it may require us to focus on the major Gann square for support, hereby utilizing it as a swing point if we close on a downward trend. The next points to watch are 961.25 and 911.00.
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