Commodity	:	Soyabean
Exchange	:	NCDEX
Perspective	:	Very Short Term

Technical Commentary:
 Candlestick chart pattern reflects selling pressure in the market.
 Prices closed below 9-day and 18-day EMA indicating bearish momentum in near and medium-term.
 MACD is easing in negative territory.
 RSI is easing in neutral region while stochastic are rising in neutral zone.

Soybean prices are likely to witness losses in Friday’s session.

Trade Recommendation – Soybean NCDEX (Jul)
Call Entry T1 T2 SL
SELL <2287 2277 2272 2292
Support & Resistance
S2 S1 PCP R1 R2
2250 2267 2281.5 2344 2361