Crude Palm oil yesterday traded with the negative node and settled -0.27% down at 582.5 tracking weakness in Malaysian palm oil which fell due to profit-taking and a forecast decrease in exports in the first half of this month. In yesterday's trading session Crude Palm oil has touched the low of 582.1 after opening at 583, and finally settled at 582.5. For today's session market is looking to take support at 581.1, a break below could see a test of 579.6 and where as resistance is now likely to be seen at 585, a move above could see prices testing 587.4.

Trading Ideas:

Crude Palm OIl trading range is 579.7-587.5.

Crude Palm oil yesterday ended down tracking weakness in Malaysian palm oil

Resistance for crude palm oil is at 585.80 level

Support for crude palm oil is at 580.20 level.

Crude palm oil in spot market dropped by 40 rupees and settled at 579.30 rupees.