Commodity Outlook for Soya Oil by KediaCommodity
Ref Soyaoil rose tracking a rise in Malaysian palm oil prices. Ref Soyaoil yesterday traded with the positive node and settled 0.35% up at 449.15. In yesterday's trading session Ref Soyaoil has touched the low of 448.6 after opening at 449, and finally settled at 449.15. For today's session market is looking to take support at 448.2, a break below could see a test of 447.3 and where as resistance is now likely to be seen at 450.5, a move above could see prices testing 451.9.
Ref soyaoil trading range is 447.3-451.9.
Ref Soyaoil rose tracking a rise in Malaysian palm oil prices
Support for ref soya oil is seen at 448.20 level
Ref soya oil looks to have a resistance at 450.50.
Ref soya oil spot price fell by 0.40 rupees and ended at 447.10 rupees.
REF.SOYA WILL TRADE IN THE RANGE 447-452 SELLING IS EXPECTED NEAR TO 451 LEVEL.