date:Sep 24, 2012
ne, slightly above the intraday lowat 2,755 ringgit, a level unseen since Oct. 6.
The prices broke below the 2,800-ringgit mark for the firsttime this year and posted a 5.9 percent loss this week.Total traded volume stood at 37,030 lots of 25 tonnes each,much higher than the usual 25,000 tonnes.Technicals continued to look bearish with Reuters marketanalyst Wang Tao saying palm oil would keep falling to 2,719ringgit per tonne based on a wave analysis.
Latest cargo surveyor data pointed to ris