Soybean futures are currently experiencing a corrective phase, with price action showing a slow momentum and medium-sized bars, indicating a lack of strong directional conviction. Both the weekly and monthly session fib grids (WSFG and MSFG) are trending down, with price trading below their respective NTZ/F0% levels, confirming short- and intermediate-term bearishness. Swing pivot analysis aligns with this, as both short-term and intermediate-term trends are down, with the most recent pivot low at 1147.5 acting as immediate support and resistance levels stacked above. Daily benchmarks reinforce the bearish short- and intermediate-term outlook, as the 5, 10, and 20-day moving averages are all trending down and above current price, while the longer-term 55, 100, and 200-day averages remain in uptrends, suggesting the broader trend is still constructive. Volatility (ATR) is moderate, and volume is steady, indicating no major capitulation or breakout. The recent long signal on March 25th appears to be a countertrend play within a broader corrective structure. Overall, the market is in a pullback phase within a longer-term uptrend, with key support at 1147.5 and resistance at 1165 and above. The technical setup suggests a period of consolidation or potential for further downside before any resumption of the primary uptrend.