India, Oct. 18 -- Technically Crude Palm Oil market is under short covering as market has witnessed drop in open interest by 7. 94% to settled at 3187 while prices up 1.4 rupees.Now MCX Crude Palm Oil is getting support at 553.7 and below same could see a test of 551.7 levels and resistance is now likely to be seen at 557.5 a move above could see prices testing 559.3.Crude Palm Oil on MCX settled up by 0.25% at 555.8 on expectation of a slower than forecast pace of growth in monthly output and awaited cues from the country's national budget announcement for next year. Base import price for CPO has been hiked to $551 from $548.Malaysia's September palm output data is expected next week and market is estimating a rise in output which may send...