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Feb 24: Tocom Rubber Settle Mostly Dn;Weak Crude, Demand

Tocom rubber futures settle mostly lower in very thin volume, despite weakness in yen vs dollar, as crude oil weakness, sluggish physical demand continues to drag on sentiment, says trader. Adds, further downside likely in coming sessions, though Tocom should find strong technical support at Y128/kg, pending fresh bearish news. Benchmark August RSS3 contract settles unchanged from this morning”s opening at Y134/kg. (ANJ)

Source: Dow Jones

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« Feb 23: Rubber Gains as Oil Rally Boosts Demand Outlook, Yen Declines
Feb 24: Rubber Futures Drop as Slump in Equities Deepens Growth Concern »

This entry was posted on Wednesday, February 25th, 2009 at 8:19 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.

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