Ref Soyaoil yesterday traded with the negative node and settled -2.05% down at 632.4 driven by weak trend at spot market.
At the Indore spot market soyoil edged down by -9.05 rupee to 619.75 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 630.65 after opening at 641.05, and finally settled at 632.4.
For today's session market is looking to take support at 628.4, a break below could see a test of 624.3 and where as resistance is now likely to be seen at 638.8, a move above could see prices testing 645.1.
Trading Ideas:
Ref soyaoil trading range is 624-644.8.
Ref Soyaoil ended down at 632.4 driven by weak trend at spot market.
Ref Soya oil looks to take support at 628.40 level
Ref Soya oil having resistance at 636.80 level
At the Indore spot market soyoil edged down by -9.05 rupee to 619.75 rupees 10 kgs.
