ANL 12.30 Decreased By ▼ -0.67 (-5.17%)
ASC 14.10 Decreased By ▼ -0.35 (-2.42%)
ASL 15.04 Increased By ▲ 0.09 (0.6%)
AVN 100.25 Increased By ▲ 2.05 (2.09%)
BOP 8.43 Decreased By ▼ -0.06 (-0.71%)
CNERGY 6.40 Decreased By ▼ -0.22 (-3.32%)
FFL 9.07 Decreased By ▼ -0.08 (-0.87%)
FNEL 8.67 Decreased By ▼ -0.29 (-3.24%)
GGGL 13.18 Decreased By ▼ -0.67 (-4.84%)
GGL 19.90 Decreased By ▼ -0.70 (-3.4%)
GTECH 9.40 Decreased By ▼ -0.30 (-3.09%)
HUMNL 6.60 Decreased By ▼ -0.03 (-0.45%)
KEL 3.10 Decreased By ▼ -0.09 (-2.82%)
KOSM 4.05 Increased By ▲ 0.03 (0.75%)
MLCF 33.48 Increased By ▲ 0.65 (1.98%)
PACE 4.06 Increased By ▲ 0.04 (1%)
PIBTL 7.17 Decreased By ▼ -0.03 (-0.42%)
PRL 14.11 Decreased By ▼ -0.28 (-1.95%)
PTC 8.69 Decreased By ▼ -0.21 (-2.36%)
SILK 1.33 No Change ▼ 0.00 (0%)
SNGP 33.60 Decreased By ▼ -0.27 (-0.8%)
TELE 17.25 Decreased By ▼ -0.05 (-0.29%)
TPL 13.02 Decreased By ▼ -1.05 (-7.46%)
TPLP 25.56 Decreased By ▼ -2.07 (-7.49%)
TREET 38.70 Increased By ▲ 0.64 (1.68%)
TRG 81.74 Decreased By ▼ -6.62 (-7.49%)
UNITY 27.31 Increased By ▲ 0.17 (0.63%)
WAVES 14.70 Decreased By ▼ -0.34 (-2.26%)
WTL 2.14 Decreased By ▼ -0.07 (-3.17%)
YOUW 7.54 Decreased By ▼ -0.16 (-2.08%)
BR100 4,584 Increased By 14.7 (0.32%)
BR30 17,569 Decreased By -127.6 (-0.72%)
KSE100 44,803 Decreased By -30.1 (-0.07%)
KSE30 17,659 Increased By 7.5 (0.04%)

coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,042
524hr
Pakistan Cases
1,345,801
6,80824hr
Sindh
513,046
Punjab
456,992
Balochistan
33,780
Islamabad
113,688
KPK
182,950

SINGAPORE: Palm oil may test a resistance at 3,602 ringgit per tonne, a break above could lead to a gain at 3,691 ringgit.

The contract has broken a lower resistance at 3,506 ringgit. The next resistance will be at 3,602 ringgit.

A retracement analysis on the fall from 4,525 ringgit to 3,251 ringgit suggests a target zone of 3,738-3,888 ringgit range.

A break below 3,506 ringgit, now a support, may cause a fall into 3,351-3,447 ringgit range.

On the daily chart, the break above 3,537 ringgit looks convincing.

It opened the way towards 3,915 ringgit.

The current rise is classified as a pullback towards a rising trendline. The downtrend from 4,525 ringgit may resume when the pullback ends around trendline.

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Comments

Comments are closed.