Palm oil may test support at 4,799 ringgit
Bullish strength: 35/100
- A break above 4,834–4,836 ringgit could confirm an extension of the uptrend from 4,501 ringgit.
- An upside breakout could open the way toward 4,918–4,974 ringgit.
Bearish strength: 65/100
- Palm oil may test support at 4,799 ringgit per metric ton.
- A break below support could trigger a decline into the 4,736–4,773 ringgit range.
- Technical analysis suggests the correction from 4,852 ringgit may not be complete.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.