Crude Palm oil yesterday traded with the negative node and settled -0.28% down at 530.1 on profit booking. In yesterday's trading session Crude Palm oil has touched the low of 530 after opening at 533.9, and finally settled at 530.1. For today's session market is looking to take support at 528.2, a break below could see a test of 526.4 and where as resistance is now likely to be seen at 533.7, a move above could see prices testing 537.4. Spread between Crude Palm oil DEC & JAN contracts yesterday ended at 6.70. Spread yesterday traded in the range of 5.1 to 7.3.

Trading Ideas:

Crude Palm OIl trading range is 526.4667-537.4667.

Crude Palm oil ended weak on profit booking

Crude Palm oil looks to have a support at 528.20.

Resistance for crude palm oil is at 533.70.

Spot prices for crude palm oil settled at 530.80 rupees per 10 kg.