Crude Palm oil yesterday traded with the positive node and settled 0.36% up at 525. Some pressure had been seen from the spot market also which closed at 601 that is down by -8rs. In yesterday's trading session Crude Palm oil has touched the low of 524 after opening at 524, and finally settled at
525. For today's session market is looking to take support at 523.7, a break below could see a test of 522.4 and where as resistance is now likely to be seen at 526.6, a move above could see prices testing 528.2. Spread between Crude Palm oil DEC & JAN contracts yesterday ended at 10.00, we have seen yesterday that the Crude Palm oil market had traded with a positive node and settled 0.36% up. Spread yesterday traded in the range of 9 to 10.3.

Trading Ideas:

Crude Palm OIl trading range is 522.4-528.2.

Crude Palm oil yesterday traded with the positive node and settled 0.36% up

Crude Palm oil looks to have a support at 523.70

Resistance for crude palm oil is at 526.60

BUY CPO DEC @ 522 SL 520 TGT 524.50-526.50.MCX

Spread between Crude Palm oil DEC & JAN contracts yesterday traded in the range of 9 to 10.3.