* Global economic uncertainty weighs      * Palm futures record 4.2 percent weekly loss, worst since  Nov      * Palm oil to drop to 3,325 ringgit - technicals     (Updates throughout)	      By Chew Yee Kiat	      SINGAPORE, May 4 (Reuters) - Malaysian palm oil futures  ended lower on Friday, touching a six-week low at 3,335 ringgit,  the steepest weekly loss since November, as investors remain  worried about the health of the global economy.	      Global investors are keeping a close watch on U.S. jobs  data, due to be released at 1230 GMT, to help them gauge the  outlook for the global economy and commodity demand.       	      "Fundamental strengths are being ignored. This is a  technical speculative sell down. Besides, uncertainties  surrounding elections in Europe over the weekend dampened any  huge position holding," said a dealer with a foreign commodities  brokerage in Malaysia.	      Benchmark July palm oil futures on the Bursa  Malaysia Derivatives Exchange fell 0.6 percent to close at 3,358  ringgit ($1,115) per tonne. The contract ended the week with a  4.2 percent loss, its worst performance since November 2011.	      "Price corrections are taking place here but I see it as   healthy because the market has been going up too fast. It will  probably be over soon as demand is still strong. If next week's  MPOB (Malaysian Palm Oil Board) and exports data continue to be  supportive, the market will rebound pretty quickly," said  another trader with a local commodites brokerage in Malaysia.	      Traded volumes stood at 31,440 lots of 25 tonnes each, much  higher than the usual 25,000 lots.    	      Palm oil will fall to 3,325 ringgit per tonne, a break below  which will open the way towards 3,253 ringgit, said Reuters  market analyst Wang Tao based on technical analysis.      	      On the fundamentals side, palm oil demand remains healthy as  indicated by cargo surveyor data. April exports jumped by 9.4  and 10.4 percent from a month ago, according to Intertek Testing  Services and Societe Generale de Surveillance respectively.    	      Demand from major importers China, India and Europe picked  up, helping to push up shipments of the edible oil.	      Traders are now watching output numbers in No.2 producer  Malaysia for more clues on April palm oil stock levels. Higher  demand and a lower output will eat into palm oil stocks, which  fell below 2 million tonnes in March, and push up palm oil  prices.	      Industry regulator Malaysian Palm Oil Board will issue  official data on output and stocks next week.    	      Oil slipped under $116 per barrel on Friday, ahead of a U.S.  payrolls report, and was poised for its steepest weekly fall  since December due to concerns over the health of the global  economy and easing fears over supply disruption. 	      In other vegetable oil markets, the most active U.S. soyoil  contract for July gained 0.3 percent in Asian trade while   the most active Dalian soyoil September contract   slipped 0.3 percent.    	    Palm, soy and crude oil prices at 1002 GMT                                                                                        Contract        Month    Last   Change     Low    High  Volume    MY PALM OIL      MAY2    3385    +0.00    3375    3405    1105    MY PALM OIL      JUN2    3366   -21.00    3345    3404    2320    MY PALM OIL      JUL2    3358   -19.00    3335    3395   19458    CHINA PALM OLEIN SEP2    8650   -22.00    8596    8652  104284    CHINA SOYOIL     SEP2    9772   -30.00    9724    9778  342144    CBOT SOY OIL     JUL2   54.32    +0.17   54.12   54.40    8135    NYMEX CRUDE      JUN2  101.15    -1.39  101.13  102.72   22039                                                                                        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    Crude in U.S. dollars per barrel   	  ($1 = 3.04 ringgit)	  	   (Editing by Jonathan Thatcher)