This entry was posted on Saturday, December 20th, 2008 at 8:58 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.
Tocom rubber futures settle higher on short covering ahead of weekend, while weaker yen vs dollar also lends support, trader says. Adds market”s breakthrough of recent Y120/kg psychological resistance also helps bolster sentiment, though upside may be capped around Y130-Y135 by generally bearish outlook for crude oil prices, lingering wider demand concerns for rubber. Benchmark May RSS3 contract settles Y3.7 higher at Y124/kg. (ANJ)
Source: Dow Jones Newswire