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Mar 25: Tocom Rubber Settles Down As Softer Crude Weighs

Tocom rubber futures settle lower in thin volume, weighed down by slight weakness in other commodities, notably crude oil prices, says trader. Adds market”s failure to hold above psychologically important Y150/kg level in recent sessions indicates market may find psychological resistance at that mark, pending fresh supportive news. Benchmark August RSS3 contract settles Y2.6 lower at Y147.1/kg. New September benchmark begins Thursday. (ANJ)

Source: Dow Jones

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« Mar 24: Tocom Rubber Settles Up; Benchmark Off JPY150
Mar 26: RUBBER-Tokyo futures rebound, technical charts supportive »

This entry was posted on Wednesday, March 25th, 2009 at 7:57 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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