Ref Soyaoil yesterday traded with the negative node and settled -0.2% down at 585 due to profit booking. At the Indore spot market soyoil edged up by 2.55 rupee to 580.35 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 584.7 after opening at 589, and finally settled at 585. For today's session market is looking to take support at 582.3, a break below could see a test of 579.7 and where as resistance is now likely to be seen at 590, a move above could see prices testing 595.1.

Trading Ideas:

Ref soyaoil trading range is 579.8-595.2.

Ref Soyaoil ended down due to profit booking

Support for ref soya oil is seen at 582.30 level

Ref Soy oil looks to have a resistance at 590 level.

At the Indore spot market soyoil edged up  by 2.55 rupee to 580.35 rupees 10 kgs.