Crude Palm oil yesterday traded with the negative node and settled -0.21% down at 527.3 on profit booking by investors, driven by subdued demand in the spot market. Besides profit-taking by speculators, fall in spot demand mainly led to fall in crude palm oil prices at market. In yesterday's trading session Crude Palm oil has touched the low of 526 after opening at 526.5, and finally settled at 527.3. For today's session market is looking to take support at 525.7, a break below could see a test of 524 and where as resistance is now likely to be seen at 529.3, a move above could see prices testing 531.2.

Trading Ideas:

Crude Palm OIl trading range is 523.9333-531.1333.

Crude Palm oil ended weak on profit booking by investors

Crude Palm oil looks to have a support at 525.70.

Resistance for crude palm oil is at 529.30.

Spot prices for crude palm oil fell 2.30 rupees and settled at 525 rupees per 10 kg.