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RSS FeedsTECHNICALS-Palm oil to fall more to 2,750 ringgit
(WorldNews Business)

 
 

22 february 2017 05:07:59

 
TECHNICALS-Palm oil to fall more to 2,750 ringgit
(WorldNews Business)
 


* For more technical analyses, please click SINGAPORE, Feb 22 (Reuters) - Palm oil may break a support at 2,780 ringgit per tonne and fall more towards the next support at 2,750 ringgit, as suggested by its wave pattern and a Fibonacci ratio analysis. For a chart: http://tmsnrt.rs/2mamGxT These supports are identified, respectively, as the 238.2 percent and the 261.8 Fibonacci projection levels of a downward wave 3 from the Feb. 15 high of 3,075 ringgit. Experience...


 
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