Business Recorder (23/06/2021) - SINGAPORE: Palm oil still targets 3,602 ringgit per tonne, as its bounce looks incomplete.

A retracement analysis on the downtrend from 4,525 ringgit to 3,251 ringgit suggests a target zone of 3,552 ringgit to 3,738 ringgit, which engulfs 3,602 ringgit.

Support is at 3,351 ringgit, a break below could cause a fall into the 3,195-3,273 ringgit range.

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/40102357/palm-oil-still-targets-3602-ringgit