Crude Palm oil yesterday traded with the positive node and settled 0.63% up at 587.7 tracking gains in Malaysian palm oil which rose to their highest levels in almost three years with support from supply-demand fundamentals. In yesterday's trading session Crude Palm oil has touched the low of 586.6 after opening at 587, and finally settled at 587.7. For today's session market is looking to take support at 586, a break below could see a test of 584.2 and where as resistance is now likely to be seen at 590.1, a move above could see prices testing 592.4.

Trading Ideas:

Crude Palm OIl trading range is 584.4-592.6.

Crude Palm oil ended higher tracking gains in Malaysian palm oil

Resistance for crude palm oil is at 590.10 level

Support for crude palm oil is at 586 level.

Crude palm oil in spot market gained by 1.80 rupees and settled at 583.50 rupees.