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Palm oil may test resistance at 2,200 ringgit
calendar27-09-2018 | linkReuters | Share This Post:

Reuters (26/09/2018) - SINGAPORE (Sept 26): Palm oil may test a resistance at 2,200 ringgit per tonne, a break above which could lead to a gain to the next resistance at 2,220 ringgit.

These resistances are identified respectively as the 38.2 percent and the 50 percent retracements on the downtrend from 2,303 ringgit to 2,137 ringgit.

The contract has cleared a lower resistance at 2,176 ringgit. It is heading towards the next resistance at 2,200 ringgit.

Read more at http://www.theedgemarkets.com/article/palm-oil-may-test-resistance-2200-ringgit