Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


Technicals Palm oil still targets 2,341 ringgit

Bursa Community :: Community News

Go down

Technicals Palm oil still targets 2,341 ringgit Empty Technicals Palm oil still targets 2,341 ringgit

Post by Cals Fri 13 Jun 2014, 02:37

Technicals Palm oil still targets 2,341 ringgit
Business & Markets 2014
Written by Reuters   
Thursday, 12 June 2014 11:50

SINGAPORE (June 12): A bearish target at 2,341 ringgit per tonne remains unchanged for palm oil, as indicated by its wave pattern and a Fibonacci projection analysis.
The contract is riding on a wave 3, which has travelled below a support at 2,422 ringgit and is heading towards the 100 percent projection level at 2,341 ringgit. This wave makes a part of a bigger wave C, which may extend beyond 2,341 ringgit.
As a result, a break below 2,341 ringgit will lead to a further loss towards 2,260 ringgit, the 123.6 percent level. - Reuters 
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male 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 I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum