This entry was posted on Friday, February 20th, 2009 at 7:54 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 mostly higher on technical rebound following yesterday”s drop, while weaker yen vs dollar lends further support, says trader. Adds market likely to consolidate in Y130-Y145 range in coming sessions amid a general lack of firm direction, though focus to stay firmly on sluggish global consumption outlook, while breach of Y130/kg support would trigger another round of cut-loss selling, pave way for further steep decline. Benchmark Jul RSS3 contract settles Y2.2 higher at Y134.2/kg. (ANJ)
Source: Dow Jones