Soybean futures remain in a broad downtrend across all major timeframes, with price action consistently below key Fibonacci grid levels and all major moving averages trending lower. The short-term swing pivot trend is down, and the weekly session fib grid confirms a bearish bias, with price trading below the NTZ and F0% levels. Intermediate-term signals are mixed: while the HiLo trend has shifted to an uptrend, suggesting some recent upward momentum or a possible bounce, the monthly fib grid and moving averages remain negative, indicating that any rally may be corrective within a larger bearish structure. Long-term structure is decisively bearish, with the yearly fib grid, 100- and 200-week moving averages, and major resistance levels all well above current price. Recent trade signals show attempts to capture a bounce from support near 1000–1060, but the overall technical environment suggests rallies are likely to face strong resistance at 1100–1180. The market is in a potential basing or consolidation phase after a prolonged decline, but confirmation of a sustained reversal is lacking. Volatility remains moderate, and price is testing the lower end of the recent range, with key support at 1000–1022 and resistance at 1180 and above. The setup favors monitoring for either a breakdown to new lows or a failed rally into resistance, with the broader trend still pointing lower.