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GMG GLOBAL (31.5 cents) – Tracking new highs
- Prices broke out of resistance at 30 cents, giving objective of 36 cents
- Quarterly momentum has only just turned up
- Volume is expanding

GLOBAL PALM RESOURCES (35 cents) – Breaks out of resistance
- Prices are approaching resistance at 36 cents
- Volume has risen as prices advanced
- A successful break indicates a target of 42 cents

GOLDEN AGRI-RESOURCES (66 cents) – Temporary retreat
- Prices broke out of resistance at 61 cents
- Break indicates a target of 75 to 76 cents level
- Quarterly momentum is rising

INDOFOOD AGRI RESOURCES ($2.59) – Breaks out of resistance
- Prices have broken out of resistance at $2.55
- Volume has been increasing on white candle days indicating a build up in demand
- Break indicates a target of $3.25

KENCANA AGRI (42.5 cents) – Overstretched
- Prices have risen 61% since June
- Breakout earlier last week reconfirms the uptrend
- Break above 42 cents indicate an objective of 50 cents

WILMAR INTERNATIONAL ($6.40) – Late bloomer
- Prices have rebounded off support
- Immediate resistance is at $6.50
- Break above $6.50 indicates a target of $7.20

(Source: TheEdgeSingapore October 18 2010)