Ref Soyaoil yesterday traded with the positive node and settled 0.66% up at 595 due to pickup in demand in the spot market due to the ongoing marriage season. At the Indore spot market soyoil edged up by 3 rupee to 574.85 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 592.5 after opening at 592.5, and finally settled at 595. For today's session market is looking to take support at 592.6, a break below could see a test of 590.1 and where as resistance is now likely to be seen at 597.4, a move above could see prices testing 599.8.

Trading Ideas:

Ref soyaoil trading range is 590.3-600.

Ref Soyaoil ended firm due to pickup in demand in the spot market

Support for ref soya oil is seen at 592.60 level

Ref Soy oil looks to have a resistance at 597.40 level.

At the Indore spot market soyoil edged up  by 3 rupee to 574.85 rupees 10 kgs.