This entry was posted on Monday, June 22nd, 2009 at 3:43 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 RSS3 rubber futures settle lower on long liquidation, short selling, stronger yen but recover partially from intraday lows. “The market is being guided by speculation; investors go short and then some of them cover their positions to take profits,” says analyst in Singapore. Stronger yen, weaker crude oil have prompted many investors to go short on rubber futures, says Tokyo-based trader. Benchmark Tocom November RSS3 contract settles Y1.8 lower at Y157.7/kg after hitting intraday low of Y155.3/kg. Traders put immediate support at Y155/kg.
Source: Dow Jones