
Soybean futures have recently experienced a sharp upward move, as indicated by large bars and fast momentum, but the short- and intermediate-term trends remain bearish with price action below both the weekly and monthly session fib grid NTZ centers. The swing pivot structure shows a dominant short-term downtrend, while the intermediate-term HiLo trend has shifted to an uptrend, suggesting a possible transition or corrective phase. Resistance levels are stacked well above current price, with the nearest at 1238.75 and major resistance at 1295.75 and higher. Support is clustered between 1145.25 and 1019.00, reflecting the recent base-building activity. Moving averages are mixed: short- and intermediate-term benchmarks are trending down, while the 20- and 200-week long-term averages are turning up, indicating potential for longer-term stabilization or reversal if price can sustain above these levels. The most recent trade signal was a short entry, aligning with the prevailing intermediate-term downtrend. Overall, the market is in a corrective rally within a broader bearish structure, with volatility elevated and key inflection points just above and below current price. Swing traders should note the potential for further choppy price action as the market tests resistance and support zones.