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TECHNICALS — Palm oil may retest support at 4,732 ringgit

For more technical analyses, click TECH/C SINGAPORE, Sept 24 (Reuters) — Palm oil may retest support at 4,732 ringgit per metric ton, a break below which may trigger a fall into the 4,677-4,711 ringgit range. The bounce off support is a pullback toward a triple-top. The pullback is expected to end around 4,799 ringgit. A fall below 4,766 ringgit would indicate the continuation of the downtrend. A break above 4,799 ringgit may lead to a move back into the 4,820-4,840 ringgit range. * Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. His analyses are published exclusively on the Workspace platform, a London Stock Exchange product. * No information in this analysis should be considered business, financial, or legal advice. Each reader should consult their own professional or other advisers for business, financial, or legal advice regarding the products mentioned in the analyses. ​ tech (Reporting by Wang Tao; Editing by Rashmi Aich) ((wang.tao@tr.com; +65 6973 8364/9188 4196 (whatsapp)

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