LATTEST CS AGRI NEWS UPDATE MCX CPO -24 DEC 2014

• Crude Palm Oil prices advanced by 0.75% to Rs 427.40 per 10 kg in futures trade today as speculators enlarged positions amid a firming global trend.
• At the Multi Commodity Exchange, crude palm oil for delivery this month added Rs 3.20, or 0.75%, to Rs 427.40 per 10 kg in a business turnover of 70 lots.
• The oil for delivery in January next year edged up by Rs 2.50, or 0.58%, to Rs 436.70 per 10 kg in 62 lots.
• Palm oil rose 0.7% to 2,225 ringgit (USD 636) a metric tonne on Bursa Malaysia Derivatives.
• Crude palm Oil settled up by 1.27% at 424.2 taking cues from international market following robust demand for Malaysia palm oil.
• Crude palm oil prices in spot market gained by 3.30 and settled at 418.10 rupees. 
• Technically market is under short covering as market has witnessed drop in open interest by -2.58% to settled at 2497 while prices up 5.3 rupee. 
• CPO is getting support at 420.6 and below same could see a test of 416.9 level, and resistance is now likely to be seen at 426.4, a move above could see prices testing 428.5.