* Palm may fall to 2,148 ringgit level - technicals

slipped for a second day on Monday in light volume to their

lowest level in more than a week as competing vegetable oil

markets fell and as the ringgit strengthened, traders said.

By Monday's close, the benchmark August contract

on the Bursa Malaysia Derivatives exchange had edged down 0.3

percent to 2,182 ringgit ($608.77) a tonne, a second day of

losses after shedding 0.8 percent on Friday. Earlier in the

session, the contract touched the 2,169 ringgit level, its

lowest since May 8.

"The market was down a bit because the ringgit has

strengthened a bit, and Dalian RBD palm olein is down a bit as

well," a trader with a foreign commodities brokerage in Kuala

Lumpur, said, referring to the Refined, Bleached and Deodorised

Palm Olein contract on the Dalian Commodity Exchange.

Total traded volume stood at 30,917 lots of 25 tonnes each,

just below the average 35,000 lots traded.

Technical charts show that palm could fall to 2,148 ringgit

per tonne, as a drop on May 15 suggests the completion of a

rebound from the April 29 low of 2,070 ringgit.

The Malaysian ringgit edged down 0.17 percent against

the dollar on Monday, but has gained around 0.8 percent over the

past week and around 3.8 percent in the last two months.

In other markets, oil prices rose on Monday after Islamic

State militants said they had seized control of the key city of

Ramadi in western Iraq, raising fears of deeper turmoil in the

oil-producing country.

The U.S. July soyoil contract edged up 0.09 percent

in late Asian trade, while the most active September soybean oil

contract on China's Dalian Commodity Exchange lost 0.37

percent. The most active September palm oil contract on

the Dalian bourse fell 0.7 percent.

Palm, soy and crude oil prices at 1056 GMT

Contract Month Last Change Low High Volume

MY PALM OIL JUN5 2189 -2.00 2177 2195 1666

MY PALM OIL JUL5 2187 -1.00 2172 2193 8362

MY PALM OIL AUG5 2182 -6.00 2169 2188 16076

CHINA PALM OLEIN SEP5 5100 -36.00 5062 5110 590556

CHINA SOYOIL SEP5 5864 -22.00 5826 5870 637412

CBOT SOY OIL JUL5 33.12 +1.20 32.96 33.18 4287

INDIA PALM OIL MAY5 450.90 +1.20 448.70 452.70 719

INDIA SOYOIL JUN5 603.50 +1.45 602.40 605.50 23050

NYMEX CRUDE JUN5 60.21 +0.52 59.73 60.88 13594

Palm oil prices in Malaysian ringgit per tonne

CBOT soy oil in U.S. cents per pound

Dalian soy oil and RBD palm olein in Chinese yuan per tonne

India soy oil in Indian rupee per 10 kg

Crude in U.S. dollars per barrel

($1 = 3.5695 ringgit)

($1 = 6.2034 Chinese yuan)

($1 = 63.5250 Indian rupees)