Crude Palm oil yesterday traded with the positive node and settled 0.26% up at 536.4 on a rise in demand in spot markets, driven by the ongoing marriage season. In yesterday's trading session Crude Palm oil has touched the low of 534.7 after opening at 536.4, and finally settled at 536.4. For today's session market is looking to take support at 534.1, a break below could see a test of 531.7 and where as resistance is now likely to be seen at 539.4, a move above could see prices testing 542.3. Spread between Crude Palm oil JAN & FEB contracts yesterday ended at 4.40. Spread yesterday traded in the range of 4.4 to 6.1.

Trading Ideas:

Crude Palm OIl trading range is 531.7333-542.3333.

Crude Palm oil ended positive on rise in demand in spot markets

Crude Palm oil looks to have a support at 534.10.

Resistance for crude palm oil is at 539.40.

Spot prices for crude palm oil settled at 527 rupees per 10 kg.