BUZZ-FX traders have surge in price of palm oil to contend with

* Price of palm oil surging in period when int/rate cuts expected * Palm oil has risen 43% since August and 63% from May's low * The 21-WMA is about to cross over 200-WMA - Golden Cross * Prices approaching midway point of 2022-2023 collapse at MYR 5231 * Potential targets: MYR 5712 and 6396 - latter is gateway to 2022 peak * Natural gas prices have also doubled urn:newsml:reuters.com:*:nL2N3N005Y * India, eurozone and China are big importers of palm oil * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Palm oil https://tmsnrt.rs/4ibO2Q7 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))