TECHNICALS-Palm oil may bounce further into 4,624-4,684 ringgit range

* For more technical analyses, please click TECH/C SINGAPORE, Dec 24 (Reuters) - Palm oil FCPOc3 may bounce further into the range of 4,624 ringgit to 4,684 ringgit per metric ton, as it has climbed a falling channel. A duplicated channel suggests a target around 4,684 ringgit. To fulfil this target, the market has to maintain above support at 4,467 ringgit, as a break below this may be followed by a drop to 4,370 ringgit. The bullish divergence on the hourly RSI indicates a further bounce as well. * 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/3BIAwmG ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Subhranshu Sahu) (([email protected]; +65 6973 8364/9188 4196))