Commodity Trading Tips for Ref Soya Oil by KediaCommodity

Ref Soya OilRef Soyaoil yesterday traded with the negative node and settled -0.14% down at 664.8. At the Indore spot market soyoil edged up by 5.95 rupee to 655.25 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 664.3 after opening at 668, and finally settled at 664.8. For today's session market is looking to take support at 661.8, a break below could see a test of 658.7 and where as resistance is now likely to be seen at 670.4, a move above could see prices testing 675.9.

Trading Ideas:

Ref soyaoil trading range is 658.8-676.

Ref Soyaoil yesterday traded with the negative node and settled -0.14% down

Ref Soya oil looks to take support at 661.80 level

Ref Soya oil having resistance at 670.40 level

At the Indore spot market soyoil edged up  by 5.95 rupee to 655.25 rupees 10 kgs.