Ref Soyaoil yesterday traded with the positive node and settled 0.91% up at 607.75 due to rise in demand in the spot market. At the Indore spot market soyoil edged up by 4.95 rupee to 588 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 601.5 after opening at 601.5, and finally settled at 607.75. For today's session market is looking to take support at 603.2, a break below could see a test of 598.7 and where as resistance is now likely to be seen at 610.6, a move above could see prices testing 613.5.

Trading Ideas:

Ref soyaoil trading range is 598.7-613.5.

Ref Soyaoil ended firm due to rise in demand

Support for ref soya oil is seen at 603.20 level

Ref Soy oil looks to have a resistance at 610.60 level.

At the Indore spot market soyoil edged up  by 4.95 rupee to 588 rupees 10 kgs.