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Malaysian ringgit

Palm oil rises over 2pc
Markets

Palm oil rises over 2pc

KUALA LUMPUR: Palm oil futures advanced on Monday as investors focused on stronger early September exports, a weaker...
Published 13 Sep, 2022 06:12am
Palm oil may retreat to 3,503 ringgit
Markets

Palm oil may retreat to 3,503 ringgit

  • On the daily chart, a retracement analysis on the uptrend from 2,691 ringgit to 3,888 ringgit reveals a similar resistance at 3,606 ringgit, the 23.6% level.
Published 10 Feb, 2021 10:50am
Palm oil may rise to 3,422 ringgit
Markets

Palm oil may rise to 3,422 ringgit

  • A break below 3,322 ringgit may cause a fall into 3,208-3,260 ringgit range. On the daily chart, the contract is trying to stabilize around a rising trendline.
Published 05 Feb, 2021 11:58am
Palm oil neutral in 3,221-3,300 ringgit range
Markets

Palm oil neutral in 3,221-3,300 ringgit range

  • This bounce is expected to extend towards the peak of a wave 4 around 3,348 ringgit. On the daily chart, the contract stabilized around a support at 3,148 ringgit, the 61.8% retracement on the uptrend from 2,691 ringgit to 3,888 ringgit.
Published 26 Jan, 2021 10:23am