CHICAGO, March 19 (Reuters) - ICE (NYSE:ICE) canola futures weakened on Tuesday, with a three-day rally fizzling out on a technical setback.
* The most-actively traded May canola contract RSK9 hit resistance at its 20-day moving average. The contract has not closed above that key technical point since Feb. 8.
* Three days of gains had pushed the market to its highest since March 1.
* But the rally ran out of steam as fundamental concerns about weak export demand kept a lid on the buying.
* May canola RSK9 settled $1.80 lower at $464.50 per tonne.
* July canola RSN9 was down $2.10 at $472.40.
* Chicago May soybeans SK9 finished 1-3/4 U.S. cents lower at US$9.04 per bushel.
* Malaysian May palm oil futures 1FCPOK9 were up 1.21 percent on Tuesday.