TECHNICALS-Palm oil neutral in 4,500-4,564 ringgit range, with downside bias

* For more technical analyses, please click TECH/C SINGAPORE, April 3 (Reuters) - Palm oil FCPOc3 looks neutral in a range of 4,500 ringgit to 4,564 ringgit per metric ton, and an escape could suggest a direction. A break above 4,564 ringgit could lead to a gain into the 4,607 ringgit-4,666 ringgit range. However, the bias could be towards the downside. After breaking above a falling trendline, the contract is yet to experience a pullback towards this line. The gap forming during the previous trading session looks like a common type, likely to be filled as well. Increasing the chance of a fall on April 3 is the big loss of the overnight CBOT grain market. Most likely, the contract would drop into 4,398 ringgit to 4,449 ringgit range. * 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/4272CCJ ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Janane Venkatraman) ((wang.tao@tr.com; +65 6973 8364/9188 4196))