MUMBAI (Commodity Online): Refined Soy Oil futures showed mixed sentiments in the early movement Thursday on the NCDEX counter due to the weak global cues.

Malaysian CPO futures are trading at MYR 2699, down MYR 20per tonne from the previous close and Soybeans quoting down 0.70% at $9.45 in the electronic trading.

NCDEX Refined Soy oil futures for April hit an intraday high of Rs 465.40 per 10 kg and slipped yesterday. The counter trades at Rs 465.60, up Rs 0.20 from the previous close with 1% increase in the open interest. The contract is expected to stay under stress with Rs 466.10-50 levels bringing in selling pressure.

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The Refined Soy Oil retreated from its recent decline due to short covering coupled with fresh buying at lower levels. Positive trend in overseas market also gave underlying support to the domestic market.

The Malaysian palm oil futures recovered sharply after released of production, export and stock report of palm oil by the Malaysian Palm Oil Board. Positive trend in international Crude Oil market ahead of DOE report also added bullish sentiment to the edible oil market across the board.

The active April contract soy oil futures made an intraday high of 468.30 levels from a low of 463.30 levels and settled at 465.40 levels, gaining by 0.44%.

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