Crude Palm oil yesterday traded with the positive node and settled 1.08% up at 553.8 tracking comparative oils higher on persistent uncertainty about whether output can keep pace with robust demand. In yesterday's trading session Crude Palm oil has touched the low of 548.1 after opening at 548.1, and finally settled at 553.8. For today's session market is looking to take support at 549.9, a break below could see a test of 546.1 and where as resistance is now likely to be seen at 555.8, a move above could see prices testing 557.9.

Trading Ideas:

Ref soyaoil trading range is 646.6-660.5.

Trading Ideas:

Crude Palm OIl trading range is 545.7-557.5.

CPO ended higher tracking comparative oils higher on persistent uncertainty over output and demand.

Resistance for crude palm oil is at 555.80 level

Support for crude palm oil is at 549.90 level.

Crude palm oil in spot market gained 5.50 rupees and settled at 548.50 rupees.