Palm oil may extend loss into 4,588-4,622 ringgit range

Palm oil (FCPOc3) may extend loss into a range of 4,588-4,622 ringgit per metric ton, as suggested by a projection analysis.The contract is riding on a powerful wave (3), which has travelled below its 200% projection level of 4,677 ringgit. It is highly likely to extend into the range formed by the…