Palm oil falls for third session on weaker Dalian rivals
Benchmark December palm oil on Bursa Malaysia was down 21 ringgit, or 0.45%, at 4,643 ringgit a ton by 0232 GMT.
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Palm oil still targets 4,588-4,622 ringgit range
Projection analysis says palm oil has a target range of 4,588 to 4,622 ringgit per metric ton.
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…