
Soybean futures (ZS 11-25) are exhibiting a persistent bearish structure across all timeframes. Price action is subdued, with medium-sized bars and slow momentum, reflecting a lack of strong directional conviction. The short-term Weekly Session Fib Grid (WSFG) and long-term Yearly Session Fib Grid (YSFG) both show price below their respective NTZ/F0% levels, confirming a downward trend. The intermediate-term Monthly Session Fib Grid (MSFG) is the only outlier, with price above its NTZ/F0% and an uptrend, but this is overshadowed by the dominant downtrends in other timeframes. Swing pivot analysis highlights a prevailing downtrend in both short- and intermediate-term trends, with the most recent pivot low at 963.75 and the next significant resistance at 1095.75. Multiple resistance levels cluster above current price, while support is layered just below, suggesting a market that is consolidating near the lower end of its recent range. All benchmark moving averages (5, 10, 20, 55, 100, and 200 week) are trending down, reinforcing the bearish outlook. The recent long signal at 1016.25 appears to be a countertrend move within a broader downtrend, possibly targeting a short-term bounce or mean reversion. Overall, the technical landscape is characterized by persistent selling pressure, lower highs, and lower lows, with no clear evidence of a sustained reversal. The market remains vulnerable to further downside unless a significant shift in momentum or a breakout above key resistance levels occurs.