Crude Palm oil yesterday traded with the positive node and settled 1.8% up at 532 bolstered by concerns over monsoon season supply tightness in overseas market. In yesterday's trading session Crude Palm oil has touched the low of 526.5 after opening at 526.8, and finally settled at 532. For today's session market is looking to take support at 527.7, a break below could see a test of 523.5 and where as resistance is now likely to be seen at 535, a move above could see prices testing 538.1.

Trading Ideas:

Crude Palm OIl trading range is 523.3333-537.9333.

Crude Palm oil ended higher as supply tightness in overseas market supported prices

Crude Palm oil looks to have a support at 527.70.

Resistance for crude palm oil is at 535.

Spot prices for crude palm oil rose 6.60 rupees and settled at 530.70 rupees per 10 kg.