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Malaysian palm oil fates fell almost 2 percent on Monday after prior hitting their most abnormal amount in about two years, weighed around weaker-than-anticipated fare information.
The palm oil contract for April conveyance on the Bursa Malaysia Derivatives Exchange lost 1.8 percent to achieve 2,592 ringgit ($628.36) per ton at the end of exchange. The agreement prior hit a high of 2,648 ringgit, its most elevated since April 29, 2014.
Exchanged volume remained at 40,771 heaps of 25 tons each.
Todays Signals
Supports and resistances:
Malaysian palm oil fates fell almost 2 percent on Monday after prior hitting their most abnormal amount in about two years, weighed around weaker-than-anticipated fare information.
The palm oil contract for April conveyance on the Bursa Malaysia Derivatives Exchange lost 1.8 percent to achieve 2,592 ringgit ($628.36) per ton at the end of exchange. The agreement prior hit a high of 2,648 ringgit, its most elevated since April 29, 2014.
Exchanged volume remained at 40,771 heaps of 25 tons each.
Todays Signals
Hang Seng Intraday: limited upside.
Long positions above 18900 with targets @ 19300 & 19600 in extension.
Supports and resistances:
19900
19600
19300
18901 Last
18900
18500
18300
KlSE Top Gainer
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KLSE Top Lossers
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