<div class=newsTextDataWrapInner><p>SINGAPORE (March 20): Palm oil looks neutral in a range of 2,767-2,810 ringgit per tonne, and an escape could signal a direction.</p></div>

<div class=newsTextDataWrapInner><p>The range is formed by the 14.6 percent and the 23.6 percent Fibonacci retracements on the downtrend from the Jan. 18 high of 3,175 ringgit to the March 14 low of 2,697 ringgit.</p></div>

<div class=newsTextDataWrapInner><p>A break above 2,810 ringgit could open the way towards 2,880 ringgit, while a break below 2,767 ringgit could cause a loss to 2,730 ringgit. The bias seems to be towards the upside, as the current bounce followed the completion of a five-wave cycle from 3,175 ringgit.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Increasing the chance of a further gain is the fact that palm oil tested this resistance at 2,810 ringgit for three times, it may succeed at its fourth attempt. - Reuters</p></div>


SINGAPORE (March 20): Palm oil looks neutral in a range of 2,767-2,810 ringgit per tonne, and an escape could signal a direction.

The range is formed by the 14.6 percent and the 23.6 percent Fibonacci retracements on the downtrend from the Jan. 18 high of 3,175 ringgit to the March 14 l...

Palm oil neutral in 2,767-2,810 ringgit range

vember, exceeding analysts’ expectations in a month that’s typically slow due to a lack of holidays. 

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The flood situation across the country, especially in Kelantan and Terengganu, is deeply concerning as it is worse than in 2014, said Datuk Seri Dr Ahmad Zahid Hamidi.

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China vowed "resolute countermeasures" on Sunday to a recently approved US arms sale to Taiwan, and complained to the US for arranging for the democratically governed island's president to transit through US territory.

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<p>Bersatu is considering legal action against the Malaysian Anti-Corruption Commission (MACC) and related banks for freezing its party accounts, said Bersatu president Tan Sri Muhyiddin Yassin.</p>


<p>JPMorgan Chase &amp; Co. is turning its back on a trend that’s been embraced by many of its Wall Street peers.</p>

<p>Transition finance — a term intended to describe the allocation of capital to activities that will ultimately help cut carbon emissions in the wider economy — exists in something of a regulatory gray zone.</p>


<p>Bangladesh wants to sharply lower prices under a power purchase deal with India's embattled&nbsp;Adani&nbsp;Group unless it is cancelled by a court, which has called for an investigation into the 25-year deal, its de facto energy minister told Reuters on Sunday.</p>


<p>Investors are scrambling to decide if Donald Trump’s impending return to the White House will sustain or derail the rally in emerging-market bonds witnessed under Joe Biden.</p>

<p>According to Jeff Grills, head of US cross-asset and emerging-markets debt at Aegon Asset Management, whether equities or bonds benefit most from Trump’s second presidency could partly depend on how aggressive he proves to be in slapping tariffs on key economies.</p>


<p>vember, exceeding analysts’ expectations in a month that’s typically slow due to a lack of holidays.&nbsp;</p>

<p>Gross gaming revenue reached 18.4 billion patacas ($2.3 billion) for the month, according to data released by the Gaming Inspection and Coordination Bureau on Sunday.</p>
