Crude Palm oil yesterday traded with the positive node and settled 0.77% up at 547.9 on expectations of a firm trend in the spot markets. China will cut import tariffs and red tape to boost imports this year and "maintain balanced trade," .In yesterday's trading session Crude Palm oil has touched the low of 545 after opening at 547.4, and finally settled at 547.9. For today's session market is looking to take support at 544.5, a break below could see a test of 541 and where as resistance is now likely to be seen at 551.9, a move above could see prices testing 555.8.

Trading Ideas:

Crude Palm OIl trading range is 540.9-555.7.

Crude Palm oil ended positive on expectations of a firm trend in the spot markets

Resistance for crude palm oil is at 550.20 level

Support for crude palm oil is at 544.60 level.

Crude palm oil prices in spot market gained 3.50 rupees to 545.50 rupees.