KUALA LUMPUR, May 23 (Reuters) - Malaysian palm oil futures opened higher on Friday, and were on track for a weekly gain, supported by stronger soyoil prices, though weaker Dalian palm olein and crude oil limited the gains.

The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 22 ringgit, or 0.58%, to 3,842 ringgit ($903.57) a metric ton in early trade. The contract has gained 1.13% so far this week.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 rose 0.13%, while its palm oil contract DCPcv1 shed 0.3%. Soyoil prices on the Chicago Board of Trade BOcv1 rose 1%.

* Palm oil tracks price movements of rival edible oils as it competes for a share of the global vegetable oils market.

* Oil prices slipped, weighed down by a stronger U.S. dollar and the possibility that OPEC+ will further increase its crude oil output. O/R

* Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.

* The ringgit MYR=, palm's currency of trade, strengthened 0.42% against the dollar, making the commodity more expensive for buyers holding foreign currencies.

* Palm oil may test resistance of 3,883 ringgit per metric ton, a break above which could open the way toward 3,927 ringgit, Reuters technical analyst Wang Tao said. TECH/C

MARKET NEWS

* Asian shares made some tentative gains on Friday as beaten-down Treasuries found buyers after U.S. President Donald Trump's tax bill narrowly passed the lower house, although debt worries still lingered. MKTS/GLOB

DATA/EVENTS

0600 Germany GDP Detailed QQ SA, YY NSA Q1

0600 UK Retail Sales MM, Ex-Fuel MM, YY Apr

1400 US New Home Sales-Units Apr

($1 = 4.2520 ringgit)

(Reporting by Ashley Tang; Editing by Sumana Nandy)

((ashley.tang@thomsonreuters.com;))

For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type OILS/MY01. * To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 and press enter, or double click between the brackets.  * Reuters Terminal users can see cash and futures edible oil prices by double clicking on the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit F11. Vegetable oils                       OILS/ASIA1 Malaysian palm oil exports           SGSPALM1   CBOT soyoil futures                  0#BO:      CBOT soybean futures                 0#S:       Indian solvent                       SOLVENT01  Dalian Commodity Exchange            DC/MENU   Dalian soyoil futures                0#DBY:   Dalian refined palm oil futures      0#DCP:   Zhengzhou rapeseed oil               0#COI:   European edible oil prices/trades    OILS/E