This entry was posted on Thursday, June 11th, 2009 at 8:18 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.
[Dow Jones] Tocom rubber futures higher as crude oil prices rise to fresh seven-month high above $71/barrel, but profit-taking, sluggish buying in cash market, cap gains. “Higher crude oil is supportive but many investors are still short on rubber futures, which is preventing any significant rise in prices,” says Singapore-based trading executive. Prices may rise further during night session, says exporter in Malaysia. Traders put immediate resistance at Y175/kg. Benchmark Tocom November RSS3 rubber futures ends Y1.6 higher at Y171.4/kg.
Source: Dow Jones