Crude palm Oil on MCX settled up by 1% at 514.8 tracking weakness in spot demand and overseas prices on higher output from Malaysia. Prices also seen under pressure higher supply after the data released by Malaysian Palm Oil Board (MPOB) showed CPO output in the world's second biggest oil producer, climbed 21% to 1.82 million tons in July compared to 1.51 million tons in June. However, downside seen limited on hope of higher demand in local market and on supply concerns.

Trading Ideas:

* CPO trading range for the day is 504.7-520.5.

* Crude palm oil dropped tracking weakness in spot demand and overseas prices on higher output from Malaysia.

* The data released by MPOB showed CPO output, climbed 21% to 1.82 million tons in July compared to 1.51 million tons in June.

* However, downside seen limited on hope of higher demand in local market and on supply concerns.

* Crude palm oil prices in spot market gained by 5.00 rupees and settled at 514.90 rupees.

More Details in Commodity Market Tips Click Here>> http://www.ripplesadvisory.com/services.php.