MUMBAI (Commodity Online): Refined Soy Oil futures are trading down at the NCDEX counter on Monday due to the absence of fresh cues from global markets.

NCDEX April Refined Soy oil futures are trading at Rs 458, down Rs 0.35 or 0.08% from the previous close. Watch out for the counter to eye highs around Rs 460 in the intraday moves.

The CPO futures in Malaysia are trading slightly in a positive territory after the recent data suggested that the Malaysian exports are rising. The benchmark futures managed to hold ground today even as Crude Oil extended its recent losses and tested levels near $80 per barrel.

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The Refined Soy Oil futures traded in a very range on Saturday in absence of fresh fundamental news in the market. The underlying fundamental factors remained negative for the market.

Ample stock of edible oil in Indian market and anticipation of record imports in the current season kept the market under pressure. The active April contract soy oil futures traded in the range of 456.30-459.80 levels and settled at 458.35 levels, gaining by 0.25%.

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