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 Business Recorder
 Palm oil may bounce into 4,227-4,275 ringgit range before falling

Business Recorder (22/09/2021) - SINGAPORE: Palm oil may bounce moderately into a range of 4,227-4,275 ringgit per tonne, before resuming its fall.

A wedge has been more or less confirmed as a top pattern, suggesting a target of 3,913 ringgit.

The pullback towards this wedge seems to have extended, as the contract managed to stabilize around a support of 4,126 ringgit.

A break below this support could cause a fall into 4,010-4,070 ringgit range.

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Read more at https://www.brecorder.com/news/40121856

Malaysian Palm Oil Board ( MPOB ) Lot 6, SS6, Jalan Perbandaran, 47301 Kelana Jaya, Selangor Darul Ehsan, MALAYSIA.
Tel : 603 - 7802 2800 || Fax : 603 - 7803 3533