Oilseed complex are expected to trade range bound with weak sentiments on account of bearish USDA’s monthly supply & demand report for soybean.
Arrival pressure of rabi oilseeds are also in favour of the bears.
Soy Oil Mar NCDEX Futures Rs./qtl support:682-685 resistance: 693-695
Soybean NCDEX Mar Futures Rs./qtl support:2500-2510 resistance:2550-2565
RM Seed NCDEX Apr Futures Rs./qtl support:3350-3365 resistance:3435-3450
CPO MCX Mar Futures Rs./qtl support:524-526 resistance:532-534
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