Commodity	:	Soya Oil
Exchange	:	NCDEX
Perspective	:	Very Short Term

 Soy oil price trend remain range bound with bears still keeping the upper hand.
 Candlestick formation indicate weakness pertains, despite bulls effort to bounce back.
 630-640 becomes the current trading band for the price. Drift in either direction will take the price further in the respective same.
 Bulls continue to encounter resistance at higher levels. Positioning of RSI still favor bears.





S2 S1 PCP R1 R2
626 631 634.85 640 644
Call Entry T1 T2 SL
SELL <637 634 631 641