This entry was posted on Saturday, January 24th, 2009 at 3:14 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 lower in lackluster trade, with firmness in yen vs dollar, weak crude oil prices, bearish fundamentals dragging on sentiment, says trader. Adds further declines likely in coming sessions following breach of previous Y137/kg technical support today, with test of next support at Y127/kg likely next week. Benchmark June RSS3 contract settles Y6.5 lower at Y134.8/kg; lowest since December 30. (ANJ)
Source: Dow Jones