Commodity Trading Tips for Soyaoil by Kedia Commodity

SoyaoilRef Soyaoil yesterday traded with the positive node and settled 0.46% up at 658.2 as traders started making position at lower levels. At the Indore spot market soyoil edged down by -0.2 rupee to 643.25 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 655.5 after opening at 657, and finally settled at 658.2. For today's session market is looking to take support at 656.2, a break below could see a test of 654.3 and where as resistance is now likely to be seen at 659.4, a move above could see prices testing 660.7.

Trading Ideas: Ref soyaoil trading range is 654.3-660.7. Ref Soyaoil ended firm on lower level buying Ref Soya oil looks to take support at 668.20 level Ref Soya oil having resistance at 678.20 level At the Indore spot market soyoil edged down by -0.2 rupee to 643.25 rupees 10 kgs.