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[Dow Jones] Tocom rubber futures settle up on firm crude, with backwardation increasing due to low domestic stockpiles, recent low output in key producing countries, says trader in Tokyo. Adds sentiment improving following sharp declines early this week, with test of Y300/kg possible next week. Tocom likely to find strong resistance at Y285/kg, although potential for volatility remains as market will continue to be heavily influenced by outside factors. Benchmark February RSS3 contract settles Y5.6 higher at Y291.9/kg. (ANJ)
Source: Dow Jones Newswires