Crude Palm oil yesterday traded with the negative node and settled -0.33% down at 519 tracking weak spot market. In yesterday's trading session Crude Palm oil has touched the low of 518 after opening at 520, and finally settled at 518.9. For today's session market is looking to take support at 517.6, a break below could see a test of 516.3 and where as resistance is now likely to be seen at 520.6, a move above could see prices testing 522.3. Spread between Crude Palm oil DEC & JAN contracts yesterday ended at 7.60. Spread yesterday traded in the range of 6.5 to 7.6.

Trading Ideas:

Crude Palm OIl trading range is 516.3333-522.3333.

Crude Palm oil ended weak tracking weak spot market

Crude Palm oil looks to have a support at 517.60.

Resistance for crude palm oil is at 520.60.

Spot prices for crude palm oil fell 4.10 rupees and settled at 514.90 rupees per 10 kg.