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Feb 2: Tocom Rubber Settles Dn;Mkt Lacks Supportive News

Tocom rubber futures settle lower as day traders liquidate positions amid general lack of supportive newsflow while decline in other commodities also weighs, says trader in Tokyo. Adds Tocom likely to stay in Y130-Y140 range in coming sessions, though gains likely to present good opportunity to sell into rallies. Benchmark July RSS3 contract settles Y3.6 higher at Y134.6/kg. (ANJ)

Source:  Dow Jones

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« Jan 30: Tocom Rubber Futures Settle Dn; Outlook Weakens
Feb 3: Tocom Rubber Settles Tad Up;Range Trade Expected »

This entry was posted on Monday, February 2nd, 2009 at 7:41 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.

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