TECHNICALS-Palm oil may rise into 4,378-4,410 ringgit range

* For more technical analyses, please click TECH/C SINGAPORE, March 15 (Reuters) - Palm oil FCPOc3 may break resistance at 4,326 ringgit and rise into a range of 4,378-4,410 ringgit per metric ton, driven by a wave C. Market briefly touched 4,326 ringgit, the 238.2% projection level of the wave C. Chances are this wave could extend to 4,378 ringgit or a much higher level. Support sits at 4,274 ringgit, a break below which could trigger a drop into 4,212-4,242 ringgit range. On the daily chart, the linear rise from the March 5 low of 3,916 ringgit consists of many white candles. This pattern symbolizes the strong bullish sentiment, which is likely to drive the market into 4,439-4,535 ringgit range, formed by the 161.8% projection level of a wave c from 3,745 ringgit and the 100% projection level of a bigger wave C from 3,520 ringgit. ** Charts are not available in emails received through "Alert". Key in news code TECH/C to get charts. ** 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/4a8WZ7Y tech https://tmsnrt.rs/3VhSsMe ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Mrigank Dhaniwala ) (([email protected]; +65 6973 8364/9188 4196)) ((If you have a query or comment on this story, send an email to [email protected].))