Ref Soyaoil yesterday traded with the negative node and settled -0.25% down at 646.3 due to weak trend at the spot market due to lower demand. At the Indore spot market soyoil edged down by -3.6 rupee to 628.8 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 640.5 after opening at 649.75, and finally settled at 646.3. For today's session market is looking to take support at 641.3, a break below could see a test of 636.3 and where as resistance is now likely to be seen at 650.5, a move above could see prices testing 654.8.

Trading Ideas:

Ref soyaoil trading range is 636.1-654.6.

Ref Soyaoil yesterday traded with the negative node due to weak trend at the spot market

Ref Soya oil looks to take support at 649.20 level

Ref Soya oil having resistance at 642.40 level

At the Indore spot market soyoil edged down  by -3.6 rupee to 628.8 rupees 10 kgs.