Malaysian Palm Oil Product Technical Chart and Analysis 17th May 2017

Closing above 100-DMA will keep the bull alive in next couple of session and targeting $2783.0 level. However, a fall below $2736.4 will cause the downtrend to continue with $2699.9 (200-DMA) in sight. The RSI and the MACD have maintained their increasing trend, supporting a bullish view.

 

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