India, Sept. 16 -- Technically Crude Palm Oil market is under long liquidation as market has witnessed drop in open interest by 12. 16% to settled at 3697 while prices down 6.2 rupees.
Now MCX Crude Palm Oil is getting support at 772.3 and below same could see a test of 767.8 levels and resistance is now likely to be seen at 784.6 a move above could see prices testing 792.4.
Crude Palm Oil yesterday settled down by 0.79% at 776.7 on profit booking after prices gained supported by raised expectations of higher exports in the month so far.
Exports from Malaysia the world's second largest producer in Sept. 1-15 is expected to rise between 10% and 12%.
Palm oil imports into the European Union and Britain in the 2020/21 season totalled 1.29 ...