Palm Oil May Climb Into 4,799–4,820 Ringgit Range
Palm oil broke resistance at 4,766 ringgit, with technical analysis pointing to a 4,799–4,820 ringgit target zone and a target around 4,964 ringgit. Support is at 4,732 ringgit.
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VEGOILS — Palm oil rises for third day, tracking crude oil and Dalian
(Update with midday break prices, add trader's comment) JAKARTA, Oct 14 (Reuters) — Malaysian palm oil futures rose for a third consecutive session on Wednesday, buoyed by stronger crude oil prices and gains in rival edible oils on the Dalian market. The benchmark palm oil contract for December delivery on the Bursa Ma
VEGOILS — Palm oil extends gains to third day, tracking crude oil and Dalian
JAKARTA, Oct 14 (Reuters) — Malaysian palm oil futures extended gains for a third straight session on Wednesday, supported by stronger crude oil prices and firmer rival edible oils on the Dalian market. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 27 ringgit, o
TECHNICALS — Palm oil may retest resistance at 4,766 ringgit
For more technical analyses, click TECH/C SINGAPORE, Oct 14 (Reuters) — Palm oil may retest a resistance at 4,766 ringgit per metric ton, a break above which could lead to a gain into the 4,799-4,820 ringgit range. The resistance caused a deep correction, which has been almost reversed. The reversal signals a continuat