Crude Palm oil yesterday traded with the positive node and settled 0.4% up at 527.4 tracking gains in Malaysian palm oil which rebounded higher, as investors positioned themselves ahead of export data later this week, though lingering worries about euro-zone debt capped gains. Palm oil's global output may increase 8.3 percent to about 13 million tons in the three months from July, compared with the previous quarter, because of improved weather, and consumption will stay flat. In yesterday's trading session Crude Palm oil has touched the low of 526.5 after opening at 528.2, and finally settled at 527.4. For today's session market is looking to take support at 526, a break below could see a test of 524.7 and where as resistance is now likely to be seen at 529.2, a move above could see prices testing 531.1.

Trading Ideas:

Crude Palm Oil trading range is 524.7-531.1.

Crude Palm oil yesterday traded with the positive node tracking gains in Malaysian palm oil

Resistance for crude palm oil is at 529.20 level

Support for crude palm oil is at 526 level.

Crude palm oil prices in spot market dropped by 0.30 rupees and settled at 528.20 rupees.