Palm oil may fall towards 4,732-4,766 ringgit range
Palm oil (FCPOc3) may break support at 4,799 ringgit per metric ton, and fall towards the 4,732-4,766 ringgit range.A wave c from 4,964 ringgit has travelled below its 100% projection level of 4,820 ringgit. It is highly likely to extend to the range formed by the 161.8% and the 138.2% levels.A bre…