<div class=newsTextDataWrapInner>SINGAPORE (March 22): Palm oil is expected to break a resistance at 2,810 ringgit per tonne and rise towards the next resistance at 2,880 ringgit, as suggested by its wave pattern and a Fibonacci retracement analysis.</div>

<div class=newsTextDataWrapInner>The resistance is at the 23.6 percent Fibonacci retracement of the downtrend from the Jan. 18 high of 3,175 ringgit to the March 14 low of 2,697 ringgit.</div>

<div class=newsTextDataWrapInner>The contract is riding on a wave c, the third wave of a three-wave cycle from 2,697 ringgit. This wave could at least travel to 2,852 ringgit, its 100 percent Fibonacci projection level. Once it climbs to this level, it will have a better chance of extending to 2,880 ringgit.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Support is at 2,767 ringgit, a break below which could cause a loss to 2,730 ringgit. - Reuters</div>

SINGAPORE (March 22): Palm oil is expected to break a resistance at 2,810 ringgit per tonne and rise towards the next resistance at 2,880 ringgit, as suggested by its wave pattern and a Fibonacci retracement analysis.

The resistance is at the 23.6 percent Fibonacci retracement of the do...

Palm oil to rise to 2,880 ringgit

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According to marke...

GDB Holdings a front runner for several jobs

Topmix Bhd, a surface decorative company listed on Tuesday, expects its expansion in the northern region of Peninsular Malaysia to boost its earnings growth.

The northern region, particularly Penang, has seen an influx of foreign investors, leading to higher income levels and rapid development of housing and commercial projects, which all “bode well for Topmix’s expansion plans", said managing director Teo Quek Siang.