• Home

  • Rubber

  • Plastic

  • Contact

Search:

Oct 21: Tocom Rubber Limit-Up; Technical Rebound, Crude

[Dow Jones] Tocom rubber futures hit Y16 upper trading limit for second consecutive day, with benchmark contract breaching Y200/kg psychological resistance as technical rebound continues, firmness in crude oil prices lends further support, trader says; adds further gains expected, though rally primarily on back of market being oversold; likely to find strong technical resistance at Y212/kg, while potential for heavy volatility remains as market will continue to be influenced by outside factors. At 0128 GMT benchmark March RSS3 contract Y16 higher at Y201.2/kg. (ANJ)

Source:  Dow Jones Newswires

Share this:

  • Twitter
  • Facebook

« Oct 20: Tocom Rubber Limit-Up; Fundamental Outlook Weak
Oct 22: Tokyo rubber ends lower, earlier hits limit-down »

This entry was posted on Tuesday, October 21st, 2008 at 9:11 am and is filed under Rubber News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.


  • Useful Links

    • Physical FOB Price
    • SHFE Rubber Price
    • SICOM Rubber Price
    • TOCOM Rubber Price
www.uyong.com
© copyright 2008
Entries (RSS)