VEGOILS-Palm gains for fourth day out of five, tracking competing oils

* Weaker ringgit lends support to market

* Palm targets 2,634 ringgit - technicals

* U.S. mkts closed for Memorial Day holiday

(Updates latest prices)

By Emily Chow

KUALA LUMPUR, May 30 (Reuters) - Malaysian palm oil futures

rose for a fourth session out of five on Monday, tracking

competing vegetable oils and supported by a weaker ringgit

.

The palm oil contract for August delivery on the

Bursa Malaysia Derivatives Exchange closed up 1.6 percent at

2,600 ringgit ($632) per tonne, after reaching its highest in

nearly two weeks at 2,605 ringgit earlier in the day.

Traded volumes stood at 41,304 lots of 25 tonnes each, below

the 2015 daily average of 44,600.

Palm rose 1.2 percent last week after two straight weekly

losses.

"Soyoil was up overnight (Friday) ahead of the U.S. holiday,

and there is some ringgit weakness," said a trader in Kuala

Lumpur.

U.S. markets were closed on Monday for the Memorial Day

holiday.

The September soybean oil contract on the Dalian Commodity

Exchange rose 1.7 percent on Monday, after the Chicago

Board of Trade soyoil contract for July gained 1.4

percent on Friday.

The ringgit was 1 percent weaker against the dollar at

4.1150.

Palm oil is traded in ringgit and a weaker ringgit makes the

tropical oil cheaper for holders of foreign currencies.

Technical analysis shows palm oil may rise towards the next

resistance level at 2,634 ringgit, said Wang Tao, a Thomson

Reuters market analyst for commodities and energy technicals.

The offer price for crude palm kernel oil stood at 5059.59

ringgit per tonne (PKO-MYSTH-M1) in late trade, according to

price assessments by Thomson Reuters.

Palm, soy and crude oil prices at 1052 GMT:

Contract Month Last Change Low High Volume

MY PALM OIL JUN6 2622 +34.00 2601 2622 805

MY PALM OIL JUL6 2624 +39.00 2608 2626 3726

MY PALM OIL AUG6 2599 +41.00 2579 2605 18453

CHINA PALM OLEIN SEP6 5284 +96.00 5192 5288 648636

CHINA SOYOIL SEP6 5984 +100.00 5862 5994 521442

CBOT SOY OIL JUL6 31.48 +0.00 0 0 0

INDIA PALM OIL MAY6 536.90 +1.00 536.2 538.4 264

0

INDIA SOYOIL JUN6 648.6 -0.75 646.1 652 32360

NYMEX CRUDE JUL6 49.22 -0.11 49.07 49.72 40169

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 = 4.1150 ringgit)

($1 = 67.2075 Indian rupees)

($1 = 6.5800 Chinese yuan)

(Reporting by Emily Chow; Editing by Subhranshu Sahu and Susan

Fenton)