Crude Palm oil yesterday traded with the negative node and settled -0.69% down at 522.6 as traders took profits on the weekend from the run of gains. In yesterday's trading session Crude Palm oil has touched the low of 520.7 after opening at 527, and finally settled at 522.6. For today's session market is looking to take support at 519.2, a break below could see a test of 515.8 and where as resistance is now likely to be seen at 527.5, a move above could see prices testing 532.4. Spread between Crude Palm oil DEC & JAN contracts yesterday ended at 5.90. Spread yesterday traded in the range of 1 to 5.9.

Trading Ideas:

Crude Palm OIl trading range is 515.8-532.4.

Crude Palm oil ended down as traders took profits on the weekend

Crude Palm oil looks to have a support at 519.20.

Resistance for crude palm oil is at 527.50.

Spot prices for crude palm oil dropped 3.10 rupees and settled at 524.10 rupees per 10 kg.