TECHNICALS-Palm oil may revisit March 26 low of 4,230 ringgit

* For more technical analyses, please click TECH/C SINGAPORE, April 7 (Reuters) - Palm oil FCPOc3 may revisit its March 26 low of 4,230 ringgit per metric ton, as suggested by its wave pattern. A double zigzag might be developing. It consists of seven waves in total. The fifth wave, the wave A is unfolding, which is expected to travel below 4,232 ringgit, the presumed bottom of a wave C. Resistance is at 4,347 ringgit, a break above which may lead to a gain to 4,419 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/42302xw ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Sumana Nandy) ((wang.tao@tr.com; +65 6973 8364/9188 4196))