Palm oil may retrace into 4,167-4,460 ringgit range before resuming uptrend in Q4

Palm oil (FCPOc3) may retrace into a range of 4,167-4,460 ringgit per metric ton in the fourth quarter, before rising toward the resistance at 4,933 ringgit again.A projection analysis on a wave C from 3,696 ringgit reveals a key barrier, the 61.8% level. This wave may either end around this resist…