Palm oil may test resistance 4,677 ringgit

Palm oil (FCPOc3) may test resistance at 4,677 ringgit per metric ton, after stabilizing around support at 4,622 ringgit.A projection analysis on wave (3) from 4,964 ringgit reveals this 238.2% level, which serves as one of the wave's endpoints.A break above 4,677 ringgit may lead to a gain into th…