Ref Soyaoil yesterday traded with the positive node and settled 0.51% up at 644.45 on a rise in palm oil and a drop in the country's edible oil imports in December. At the Indore spot market soyoil edged up  by 0.55 rupee to 631.45 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 640.5 after opening at 642, and finally settled at 644.45. For today's session market is looking to take support at 641.6, a break below could see a test of 638.8 and where as resistance is now likely to be seen at 646.2, a move above could see prices testing 648.

Trading Ideas:

Ref soyaoil trading range is 638.8-648.

Ref Soyaoil ended firm due to drop in the country's edible oil imports in December.

Ref Soya oil looks to take support at 641.60 level

Ref Soya oil having resistance at 646.20 level

At the Indore spot market soyoil edged up  by 0.55 rupee to 631.45 rupees 10 kgs.