Ref Soyaoil yesterday traded with the positive node and settled 1.13% up at 671.5 as traders covered their previously sold positions amid strong demand from spot market.
At the Indore spot market soyoil edged up by 2.25 rupee to 641.7 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 665 after opening at 665, and finally settled at 671.5.
For today's session market is looking to take support at 666.7, a break below could see a test of 661.9 and where as resistance is now likely to be seen at 674.6, a move above could see prices testing 677.7.
Trading Ideas:
Ref soyaoil trading range is 661.8-677.6.
Ref Soyaoil yesterday gained amid strong demand from spot market.
Ref Soya oil looks to take support at 666.70 level
Ref Soya oil having resistance at 674.60 level
At the Indore spot market soyoil edged up by 2.25 rupee to 641.7 rupees 10 kgs.
