Ref Soyaoil yesterday traded with the positive node and settled 0.24% up at 662.7 as in physical markets demand continues to remain there due to start of festive season. In the physical markets demand is gradually improving. It is to be learnt that next few months will be festive months. Thus consumption demand is likely to increase. At the Indore spot market soyoil edged down by -3.15 rupee to 664.05 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 654.5 after opening at 659.8, and finally settled at 662.7. For today's session market is looking to take support at 656.9, a break below could see a test of 651 and where as resistance is now likely to be seen at 666.2, a move above could see prices testing 669.7.

Trading Ideas:

Ref soyaoil trading range is 651-669.7.

Ref Soyaoil yesterday traded with the positive node as in physical markets demand continues to remain

Ref soyoil looks to take support at 656.90 a break below looks to test 652 level

Ref soyoil looks to get resistance at 666.20 level

At the Indore spot market soyoil edged down by -3.15 rupee to 664.05 rupees 10 kgs.