Malaysian Palm Oil Product Technical Chart and Analysis 11th May 2017

At present, the KPO 1707 is expected to test at $2693.4 (200-DMA), where a break above will open the way towards $2747.8 (100-DMA). However, any downside will test at $2657.1, followed by $2624.2 (50-DMA). Meanwhile, the Stochastic Oscillator is rising and the RSI still has room to enter overbought region, thus suggesting further upside.

 

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