Crude Palm oil yesterday traded with the negative node and settled -0.64% down at 525.5 tracking weakness in Malaysian palm oil which dropped on renewed worries about euro-zone debt weighed on risk sentiment to help push prices lower. Malaysia's palm oil exports during the May 1-20 period augmented by 28% from the same period last month to 8.19 lakh metric tonnes. In yesterday's trading session Crude Palm oil has touched the low of 525 after opening at 527.9, and finally settled at 525.5. For today's session market is looking to take support at 523.9, a break below could see a test of 522.2 and where as resistance is now likely to be seen at 528.3, a move above could see prices testing 531.

Trading Ideas:

Crude Palm Oil trading range is 522.2-531.

Crude Palm oil yesterday traded with the negative node tracking weakness in Malaysian palm oil

Resistance for crude palm oil is at 528.30 level

Support for crude palm oil is at 523.90 level.

Crude palm oil prices in spot market dropped by 3.30 rupees and settled at 528.50 rupees.