Reuters (23/02/2018) - SINGAPORE (Feb 23): Palm oil looks neutral in a range of 2,482-2,512 ringgit per tonne, and an escape may suggest a direction.

The range is formed by the 23.6 percent and the 38.2 percent retracements of the downtrend from 2,641 ringgit to 2,433 ringgit.

A break below 2,482 ringgit could cause a loss to 2,463 ringgit while a break above 2,512 ringgit could lead to a gain to 2,537 ringgit.

A wedge suggests a downside bias. - Reuters                                                                        

Read more at http://www.theedgemarkets.com/article/palm-oil-neutral-24822512-ringgit-range