Palm Oil Rallies to Resistance, Beware of Volatility

Crude palm oil prices have been moving higher during the past few weeks despite the downdraft recently seen in the broader commodities markets. The start of the 2016 year in the global capital markets has been extremely volatile with 2 of the 4 trading session in Chinese equities experiencing 7% down days which has triggered trading halts that on Thursday stopped trading after just 15 minutes.

The macro…