Crude Palm oil yesterday traded with the positive node and settled 0.51% up at 572.3 tracking firmness in Malaysian palm oil which rose to a near two-week high on Friday, as traders cited strong export data amid concern that supplies will struggle to keep pace with robust demand.  In yesterday's trading session Crude Palm oil has touched the low of 571 after opening at 571.6, and finally settled at 572.3. For today's session market is looking to take support at 571.2, a break below could see a test of 570.1 and where as resistance is now likely to be seen at 573.2, a move above could see prices testing 574.1.

Trading Ideas:

Crude Palm OIl trading range is 570.1-574.1.

Crude Palm oil  gained tracking firmness in Malaysian palm oil

Resistance for crude palm oil is at 571.20 level

Support for crude palm oil is at 573.20 level.

BUY CPO FEB @ 572 SL 570 TGT 574.50-575.80-577.MCX

Crude palm oil in spot market gained 2.20 rupees and settled at 559.20 rupees.