Crude Palm oil yesterday traded with the positive node and settled 0.27% up at 547.4 as fresh buying on expectations of a rise in spot demand due to the ongoing marriage season helped crude palm oil prices. In yesterday's trading session Crude Palm oil has touched the low of 545.1 after opening at 547.6, and finally settled at 547.4. For today's session market is looking to take support at 544.8, a break below could see a test of 542.3 and where as resistance is now likely to be seen at 550.2, a move above could see prices testing 553.1.

Trading Ideas:

Crude Palm OIl trading range is 541.9-552.7.

Crude Palm oil gained as fresh buying on expectations of a rise in spot demand

Resistance for crude palm oil is at 550.20 level

Support for crude palm oil is at 544.80 level.

Crude palm oil prices in spot market seen at 542.70 rupees.