Commodity Trading Tips for Crude Palm Oil by KediaCommodity

Crude Palm OilCrude Palm oil yesterday traded with the negative node and settled -0.23% down at 571. In yesterday's trading session Crude Palm oil has touched the low of 571 after opening at 576.8, and finally settled at 571. For today's session market is looking to take support at 568.2, a break below could see a test of 565.3 and where as resistance is now likely to be seen at 576.7, a move above could see prices testing 582.3.

Trading Ideas:

Crude Palm OIl trading range is 565.5-582.5.

Crude Palm oil yesterday traded with the negative node and settled -0.23% down

Resistance for crude palm oil is at 576.70 level

Support for crude palm oil is at 578.20 level.

Crude palm oil in spot market gained 7.10 rupees and settled at 566.30 rupees.