The adjacent chart shows the price movement of NCDEX soyabean December contract. For last few sessions the agri-commodity has been trading in sideways to a bearish manner. Currently it is trading near the lower end of a sideways channel. The junction of 40-day exponential moving average and the daily lower Bollinger Band is acting as an additional support. Thus the commodity seems to be forming a short term base. Rs3,217 and Rs3,196 is a key support zone. Till the time the support zone holds on a closing basis soyabean can move higher. The key levels on the upside will be Rs3,300 and Rs3,370.