Markets
Palm oil target 3,083 ringgit/T intact
SINGAPORE : A bullish target at 3,083 ringgit per tonne is unchanged for Malaysian palm oil as indicated by a bullish tr
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The contract has stood firm above the upper trendline of the pattern, confirming a continued rise to Aug 15 high at 3,083 ringgit, following a preceding climb from 2,917 ringgit to 3,083 ringgit.
Support is at 3,012 ringgit, a fall below which will extend to 2,953 ringgit.
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Copyright Reuters, 2011