Crude Palm oil yesterday traded with the negative node and settled -0.34% down at 528.6 sapped by weaker overseas market and crude oil prices, but losses were capped by tight supply concerns. In yesterday's trading session Crude Palm oil has touched the low of 526 after opening at 531, and finally settled at 528.6. For today's session market is looking to take support at 525.2, a break below could see a test of 521.9 and where as resistance is now likely to be seen at 532.7, a move above could see prices testing 536.9.

Trading Ideas:

Crude Palm OIl trading range is 521.8-536.8.

Crude Palm oil ended weak sapped by weaker overseas market

Crude Palm oil looks to have a support at 525.20.

Resistance for crude palm oil is at 532.70.

Spot prices for crude palm oil fell 3.50 rupees and settled at 527.30 rupees per 10 kg.