TECHNICALS-Palm oil may test 4,917 ringgit after shallow fall

* For more technical analyses, please click TECH/C SINGAPORE, Nov 29 (Reuters) - Palm oil FCPOc3 may test resistance at 4,917 ringgit per metric ton, a break above which could open the way towards 4,985 ringgit. The contract has broken a falling trendline, but has yet to experience a pullback towards this line. The pullback may be triggered by the resistance at 4,917 ringgit. The pullback is expected to end above 4,800 ringgit, the support provided by the trendline. A break below this level would signal a continuation of the downtrend. On the daily chart, market has broken resistance at 4,848 ringgit. The break could lead to a gain into 4,983 ringgit to 5,097 ringgit range. A close below 4,848 ringgit on Friday would suggest the break above this level was false. Market may fall towards 4,629 ringgit thereafter. * 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/3Z2Pw6o tech https://tmsnrt.rs/4gbmqZN ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (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]))