Go long on Soy Oil Nov Contract, target Rs 652

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Go long on Soy Oil Nov Contract, target Rs 652

Mtechtips has come out with its report on Soy Oil. According to the research firm, one should go long on the Soy Oil November contract above Rs630 for the targets of Rs652, which is the 23.6% retracement level, and Rs686, which is the 20-day simple moving average and also the 38.2% retracement level. The stop loss should be placed at Rs601.