Commodity Trading Tips for Crude Palm oil by Kedia Commodity
Crude Palm oil yesterday traded with the positive node and settled 0.56% up at 588.5. In yesterday's trading session Crude Palm oil has touched the low of 585.3 after opening at 585.9, and finally settled at 588.5. For today's session market is looking to take support at 586.2, a break below could see a test of 583.9 and where as resistance is now likely to be seen at 589.9, a move above could see prices testing 591.3.
Trading Ideas: Crude Palm OIl trading range is 583.9-591.3. Crude Palm oil yesterday traded with the positive node and settled 0.56% up Resistance for crude palm oil is at 591.40 level Support for crude palm oil is at 585.90 level. Crude palm oil in spot market gained by a rupee and settled at 580 rupees.