Crude Palm oil yesterday traded with the positive node and settled 0.4% up at 521.1 as speculators created fresh positions, influenced by a firm global trend. Malaysian crude palm oil rose as traders grew more concerned over heavy rains curbing production in the world's second largest producer of the vegetable oil. In yesterday's trading session Crude Palm oil has touched the low of 519.7 after opening at 521.3, and finally settled at 521.1. For today's session market is looking to take support at 519.6, a break below could see a test of 518 and where as resistance is now likely to be seen at 522.8, a move above could see prices testing 524.4.

Trading Ideas:

Crude Palm OIl trading range is 518.0333-524.4333.

Crude Palm oil ended positive influenced by firm global trend

Crude Palm oil looks to have a support at 519.60.

Resistance for crude palm oil is at 522.80.

Spot prices for crude palm oil gained 2.10 rupees and settled at 517 rupees per 10 kg.