TECHNICALS-Palm oil may retest support 3,856 ringgit

* For more technical analyses, please click TECH/C SINGAPORE, Sept 10 (Reuters) - Palm oil FCPOc3 may retest support at 3,856 ringgit per metric ton, a break below which could trigger a fall to 3,833 ringgit. The downtrend from 4,003 ringgit remains firm within a falling channel, which suggests a target around 3,796 ringgit. A retracement analysis on the uptrend from 3,638 ringgit reveals a similar target of 3,777 ringgit. Key resistance zone is from 3,906 ringgit to 3,916 ringgit, a break above which could open the way towards 3,930 ringgit to 3,953 ringgit range. On the daily chart, a small round top formed around resistance at 3,962 ringgit, confirming the completion of a bounce from 3,638 ringgit. Wave pattern suggests the progress of a wave c, which may travel to 3,638 ringgit. The current focus is on the support at 3,864 ringgit, a break below which could open the way towards 3,784 ringgit. * 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 their own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ cpo https://tmsnrt.rs/3Xe2Ns2 tech https://tmsnrt.rs/3XB4IYV ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Rashmi Aich) (([email protected]; +65 6973 8364/9188 4196)) ((If you have a query or comment on this story, send an email to [email protected].))