Crude Palm oil yesterday traded with the positive node and settled 0.59% up at 543.1. Malaysia's palm oil exports during the January 1-15 period gained by 3.7% compared with the previous month to 5.89 lakh metric tons. In yesterday's trading session Crude Palm oil has touched the low of 540.6 after opening at 541, and finally settled at 543.1. For today's session market is looking to take support at 541.4, a break below could see a test of 539.6 and where as resistance is now likely to be seen at 544.1, a move above could see prices testing 545.

Trading Ideas:

Crude Palm OIl trading range is 539.6-545.

Crude Palm oil yesterday traded with the positive node and settled 0.59% up.

Resistance for crude palm oil is at 544.10 level

Support for crude palm oil is at 541.40 level.

Crude palm oil in spot market dropped 1.40 rupees and settled at 538 rupees.