This entry was posted on Wednesday, December 17th, 2008 at 4:47 pm 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.
Tocom rubber futures settle higher, with benchmark contract ending the day at intraday high as firmer crude oil prices spur short covering, says trader in Tokyo. Adds breakthrough of key Y120/kg psychological resistance also helps bolster sentiment; further gains now likely, with test of Y130-Y135 possible in coming sessions, though potential for further volatility also remains as market still dominated by outside factors. Benchmark May RSS3 contract settles Y6.1 higher at Y122.1/kg. (ANJ)
Source: Dow Jones Newswires