Ref Soyaoil yesterday traded with the negative node and settled -1.65% down at 603.7 on sluggish demand in the spot market amid weakening trend in overseas market. At the Indore spot market soyoil edged down by -5.4 rupee to 601.9 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 603.1 after opening at 611.7, and finally settled at 603.7. For today's session market is looking to take support at 600.5, a break below could see a test of 597.2 and where as resistance is now likely to be seen at 609.6, a move above could see prices testing 615.4.

Trading Ideas:

Ref soyaoil trading range is 597.2-615.4.

Ref Soyaoil yesterday traded with the negative node on sluggish demand in the spot market

Ref Soya oil looks to take support at 600.50 level

Ref Soya oil having resistance at 609.60 level

At the Indore spot market soyoil edged down by -5.4 rupee to 601.9 rupees 10 kgs.