Business Recorder (23/12/2020) - SINGAPORE: Palm oil may retest a support at 3,381 ringgit per tonne, a break below which could cause a fall to 3,300 ringgit.

The contract failed three times to break a resistance at 3,474 ringgit, around which a triple-top could be developing, suggesting a target of 3,221 ringgit.

A break above 3,426 ringgit may lead to a gain to 3,474 ringgit.

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Read more at https://www.brecorder.com/news/40043973/palm-oil-may-test-support-at-3381-ringgit