Ref Soyaoil yesterday traded with the negative node and settled -1.39% down at 594.7 on weak global cues and profit taking in the domestic market. At the Indore spot market soyoil edged down by -4.6 rupee to 590.35 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 593.7 after opening at 601.35, and finally settled at 594.7. For today's session market is looking to take support at 591.8, a break below could see a test of 588.9 and where as resistance is now likely to be seen at 599.5, a move above could see prices testing 604.2.

Trading Ideas:

Ref soyaoil trading range is 588.9-604.2.

Ref Soyaoil yesterday traded with the negative node on weak global cues and profit taking

Ref Soya oil looks to take support at 591.80 level

Ref Soya oil having resistance at 599.50 level

At the Indore spot market soyoil edged down by -4.6 rupee to 590.35 rupees 10 kgs.