This entry was posted on Tuesday, May 26th, 2009 at 5:41 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.
[Dow Jones] Tocom rubber futures settle lower, weighed down by softer crude oil prices, while growing sentiment current rubber supply-demand fundamentals can”t sustain recent gains also encouraging selling, says trader. Adds Tocom may find immediate technical support at Y162/kg, though upside likely to also remain capped at Y166/kg, barring fresh supportive cues. New benchmark November RSS3 contract settles at Y162.3/kg after beginning today at Y164/kg. (ANJ)
Source: Dow Jones