Ref Soya Oil trading range 607-617, down at 610.9

• Ref.Soyaoil settled down by -0.15% at 610.9on robust demand and on fear of higher imports duty. Prices rose as demand for soyaoil increased after demand shifted from palm oil to soybean oil in domestic market due to winter season as Palm oil solidifies in cold weather.
• India's soyaoil imports jumped to 121,097 tons compared to 14,980 tons for the same period a year ago, data released by the SEA of India showed.  
• At the  Technically market is under fresh selling as market has witnessed gain in open interest by 0.2% to settled at 69650 while prices down -0.9 rupee.
• Now Ref.Soya oil is getting support at 610 and below same could see a test of 607 level, and resistance is now likely to be seen at 615, a move above could see prices testing 617.
• At the Indore spot market in Madhya Pradesh, soyoil was steady at 615.5 rupees per 10 kgs.