Palm Oil May Rise to 5,094 Ringgit and Then Reverse
The next resistance will be 5,094 ringgit, a break above which could lead to a gain to 5,155 ringgit. The fall from the Thursday high of 5,053 ringgit has been almost reversed. The reversal signals the progress of a wave 5, the fifth wave of a five-wave cycle from 4,672 ringgit. A drop to 4,685 ringgit could…
