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Jun 1: Tocom Rubber Settles Up; Benchmark May Test Y173

[Dow Jones] Tocom rubber futures settle higher as market focus stays on recent strong crude oil price gains, despite generally weak rubber fundamentals, trader says. Adds breach of psychologically important Y170/kg also helps boost sentiment; test of next technical resistance level at Y173/kg now possible in coming sessions. Benchmark November RSS3 contract settles Y2.6 higher at Y171.9/kg. (ANJ)

Source: Dow Jones

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« May 29: Tocom Rubber Settles Up On Short-Covering
Jun 1: TOCOM RUBBER SEEN AT 175.0 YEN/KG BY END-JUNE VS 166.3 YEN IN PREVIOUS FORECAST – REUTERS POLL »

This entry was posted on Monday, June 1st, 2009 at 4:10 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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