NCDEX SOYABEAN SHORT TERM BULLISH

• Soybean futures trading slightly up on Thursday. Bullish trade is predicted for the commodity for short term. Intra day trade is likely to be side ways.
• Soybean January contract gained 0.31% to 3278 levels on Thursday at NCDEX.
• Soya bean January contract is likely to trade bullish for short term and sideways for intra day. Short term support is seen at 3170 and resistance at 3380. “Intra day support is seen at 3250 and and resistance at 3310.
• Soybean exports are increased 40 million bushels to 1,760 million reflecting the record export pace in recent weeks and prospects for additional sales and shipments ahead of the South American harvest.