Bursa Alert
Global Market
NewsTechnicals Palm oil to consolidate in 2,060-2,150 ringgit range
Page 1 of 1
Technicals Palm oil to consolidate in 2,060-2,150 ringgit range
by Cals Wed 24 Sep 2014, 02:33
| Technicals Palm oil to consolidate in 2,060-2,150 ringgit range |
| Business & Markets 2014 |
| Written by Reuters |
| Tuesday, 23 September 2014 11:39 SINGAPORE (Sept 23): Palm oil has found a support at 2,060 ringgit per tonne and may consolidate above this level and below a resistance at 2,150 ringgit for one or a few days. The support and the resistance are respectively provided by the 14.6 percent and the 23.6 percent Fibonacci retracements on the fall from the March 11 high of 2,916 ringgit to the Sept. 2 low of 1,914 ringgit. The rebound from 1,914 ringgit has ended around 2,150 ringgit and will be partially or totally reversed by the correction from the Sept. 18 high of 2,173 ringgit. A surge above 2,150 ringgit may signal an extension of the rebound towards 2,297 ringgit, the 38.2 percent level. - Reuters |
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Technicals Palm oil may consolidate more in 2,218-2,266 ringgit range
» Technicals Palm oil to consolidate in range of 2,250-2,293
» Technicals Palm oil neutral in 2,367-2,394 ringgit range
» Technicals Palm oil to fall into $2,094-$2,124 ringgit range
» Technicals Palm oil to drop into 2,099-2,118 ringgit range
» Technicals Palm oil to consolidate in range of 2,250-2,293
» Technicals Palm oil neutral in 2,367-2,394 ringgit range
» Technicals Palm oil to fall into $2,094-$2,124 ringgit range
» Technicals Palm oil to drop into 2,099-2,118 ringgit range
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|