Palm oil still targets 4,588-4,622 ringgit range

Palm oil (FCPOc3) still targets a range of 4,588 ringgit to 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 214.6% projection level of 4,656 ringgit. It is highly likely to extend into the range formed…