SINGAPORE: Palm oil may rise into a range of 3,773 ringgit to 3,810 ringgit per tonne to fill a gap forming on March 22. The rise still is well-controlled by a set of projection levels on the downtrend from 4,247 ringgit.
After breaking the resistance at 3,690 ringgit, the contract is expected to test the next resistance at 3,736 ringgit.
Palm oil may rise into 3,773-3,810 ringgit
A break below 3,658 ringgit may be followed by a drop into the 3,569-3,615 ringgit range.