<div class=newsTextDataWrapInner>SINGAPORE (April 4): Palm oil seems to have found a support at RM2,638 per tonne, it may continue to hover above this level or bounce towards a range of RM2,685–2,715. The support is provided by the 100% Fibonacci projection level of a downward wave c, the third wave of a bigger wave (5) from the March 6 high of RM2,898. The bullish divergence on the hourly MACD also suggests the contract has become technically strong and is due for a decent bounce. A break below RM2,638 may cause a loss limited to RM2,609.</div>

<div class=newsTextDataWrapInner>(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)</div>

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SINGAPORE (April 4): Palm oil seems to have found a support at RM2,638 per tonne, it may continue to hover above this level or bounce towards a range of RM2,685–2,715. The support is provided by the 100% Fibonacci projection level of a downward wave c, the third wave of a bigger wave (5) from the...

Palm oil to hover above RM2,638

In the third and fourth instalments of our four-part series on the economy, we are focusing on mission-based policy packages that Malaysia can embark on to realise our vision of Malaysia Madani. As a recap, the first article — “Taking a systems approach to fuel subsidies” (Issue 1515, March 18) —...

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BMI holds a cautious but positive outlook for consumer spending in Malaysia over 2024

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Shares of construction and engineering contractor Crest Builder Holdings Bhd climbed on Wednesday after bagging a RM486 million condominium project in Mont Kiara.