Crude Palm oil yesterday traded with the positive node and settled 0.36% up at 523 influenced by firm global trends. In yesterday's trading session Crude Palm oil has touched the low of 520.1 after opening at 522.9, and finally settled at 523. For today's session market is looking to take support at 520.5, a break below could see a test of 517.9 and where as resistance is now likely to be seen at 525.2, a move above could see prices testing 527.3. Spread between Crude Palm oil DEC & JAN contracts yesterday ended at 8.50. Spread yesterday traded in the range of 7.1 to 9.3.

Trading Ideas:

Crude Palm OIl trading range is 517.9667-527.3667.

Crude Palm oil ended positive influenced by firm global trends

Crude Palm oil looks to have a support at 520.50.

Resistance for crude palm oil is at 525.20.

BUY CPO DEC @ 520-521 SL 518 TGT 523.20-525.MCX

Spot prices for crude palm oil gained 6 rupees and settled at 523 rupees per 10 kg.