
Soybean futures have experienced a sharp selloff, with price action showing large, fast-moving bars to the downside. Both the weekly and monthly session fib grids indicate a strong downward trend, with price trading well below the NTZ/F0% levels. Swing pivot analysis confirms a dominant downtrend in both short- and intermediate-term timeframes, with the most recent pivot low established at 1061.5 and the next potential reversal only above 1111.25. Multiple resistance levels are stacked above, while support is thin and spaced out below, suggesting vulnerability to further downside if current support fails. All key short- and intermediate-term moving averages are trending down and positioned above the current price, reinforcing the bearish structure. The 200-day moving average is just below current price and still in an uptrend, which may provide some longer-term support or signal a potential inflection area. Volatility remains elevated (ATR 82), and volume is robust, indicating strong participation in the recent move. Recent trade signals have triggered short entries, aligning with the prevailing trend. Overall, the technical landscape is decisively bearish in the short- and intermediate-term, with the long-term trend neutralizing as price approaches major support. The market is in a clear trend phase rather than consolidation, and any countertrend rallies would need to overcome multiple resistance layers to shift the outlook.