Ref Soyaoil yesterday traded with the negative node and settled -0.57% down at 660.75 due to strong selling pressure. Weakness in international market had a bearish impact on the Indian market.  At the Indore spot market soyoil edged down by -2.3 rupee to 634.45 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 659.05 after opening at 663, and finally settled at 660.75. For today's session market is looking to take support at 657.7, a break below could see a test of 654.7 and where as resistance is now likely to be seen at 665.2, a move above could see prices testing 669.6.

Trading Ideas:

Ref soyaoil trading range is 654.5-669.4.

Ref Soyaoil yesterday ended weak due to strong selling pressure.

Ref Soya oil looks to take support at 658.20 level

Ref Soya oil having resistance at 662.80 level

At the Indore spot market soyoil edged down  by -2.3 rupee to 634.45 rupees 10 kgs.