Crude Palm Oil on MCX settled down by -0.29% at 541.5 on profit booking after prices gained tracking overnight gains in overseas markets and on cargo surveyor data showing strong exports. Rising inventory levels in Malaysia, the world's second largest producer of the tropical oil, could further weigh on palm prices.

Trading Ideas:

* CPO trading range for the day is 537.4-546.8.

* Crude palm oil dropped on profit booking after prices gained tracking overnight gains in overseas markets and on cargo surveyor data showing strong exports.

* Rising inventory levels in Malaysia, could further weigh on palm prices.

* Inventory levels at the end of September rose 4 percent from a month earlier to 2.02 million tonnes.

* Crude palm oil prices in spot market gained by 2.40 rupees and settled at 540.60 rupees.

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