Crude Palm oil yesterday traded with the positive node and settled 0.42% up at 525.5 as traders bet on strong demand in the weeks to come as top vegetable oil buyers India and China restock. Malaysia's May 1-15 palm oil exports rose 28% to 533,419 metric tons, from 418,134 tons a month ago. In yesterday's trading session Crude Palm oil has touched the low of 524.8 after opening at 525.9, and finally settled at 525.5. For today's session market is looking to take support at 524.2, a break below could see a test of 523 and where as resistance is now likely to be seen at 527.3, a move above could see prices testing 529.2.

Trading Ideas:

Crude Palm Oil trading range is 523-529.2.

Crude Palm oil yesterday traded with the positive node as traders bet on strong demand

Resistance for crude palm oil is at 527.30 level

Support for crude palm oil is at 524.20 level.

Crude palm oil prices in spot market gained by 3.70 rupees and settled at 528 rupees.