Palm oil falls for a second session on weaker rivals
Benchmark December contract on Bursa Malaysia fell 13 ringgit to 4,659 ringgit a metric ton.
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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…