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ringgit

Palm falls as Jan 1-10 exports plunge
Markets

Palm falls as Jan 1-10 exports plunge

  • The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 20 ringgit, or 0.5%, to 3,810 ringgit ($942.60) a tonne in early trade.
Published 11 Jan, 2021 11:36am
Palm oil may rise to 3,757 ringgit
Markets

Palm oil may rise to 3,757 ringgit

  • On the daily chart, the contract is poised to test a resistance at 3,698 ringgit, the 86.4% projection level of an upward wave C from 2,691 ringgit.
Published 04 Jan, 2021 10:12am
Palm oil may retest resistance at 3,474 ringgit
Markets

Palm oil may retest resistance at 3,474 ringgit

  • This move suggests that the bulls have not given up breaking 3,411 ringgit. Indeed, this resistance looks vulnerable under the third attacks by bulls. It may be broken on either Friday or next Monday.
Published 11 Dec, 2020 09:04am