Malaysian Palm Oil Product Technical Chart and Analysis 13th December 2017

Following its previous bearish formation, KPO 1801 has formed a lower high and a lower low which indicates that the decline is likely to continue. The downside target is at $2371.0. However, any upside will revisit $2510.1 (14-DMA). Meanwhile, the Stochastic Oscillator has generated a sell signal, supporting the corrective view.

 

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