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Soybean: Destined to bounce back?

Posted on 15 August 2013

Trend in the futures of soybean on India’s NCDEX is looking positive for the intra-day and further upside is expected in the near term as well. A bounce back is in the offing, according to analysts.
Investors are advised to buy on dips. “Support for the commodity is seen at 2980 while resistance at 3070 level. Buy around 3020 with stop loss of 2980 for the target of 3070,” said Milan Shah, Research Analyst with Commodity Online………………………………………..Full Article: Source


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