Crude Palm oil yesterday traded with the negative node and settled -0.34% down at 524.9 as traders took profits from the run of gains. In yesterday's trading session Crude Palm oil has touched the low of
521.2 after opening at 522, and finally settled at 524.9. For today's session market is looking to take support at 521.9, a break below could see a test of 518.8 and where as resistance is now likely to be seen at 527.3, a move above could see prices testing 529.6. Spread between Crude Palm oil DEC & JAN contracts yesterday ended at 2.20. Spread yesterday traded in the range of 2.2 to 4.8.

Trading Ideas:

Crude Palm OIl trading range is 519.0667-529.8667.

Crude palm oil ended down as traders took profits

Crude Palm oil looks to have a support at 521.90.

Resistance for crude palm oil is at 527.30.

Spot prices for crude palm oil fell 3.50 rupees and settled at 523 rupees per 10 kg.