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Aug 7: Tocom RSS3 Futures Dn; Profit Taking; Weak Demand

[Dow Jones] Tocom rubber futures lower on profit-taking as investors take leads from slowdown in buying in cash market, lower crude oil. “Physical demand is sluggish and crude oil is facing resistance at $72/bbl, which has also damped rubber sentiment,” says Singapore-based broker. Traders liquidating positions ahead of weekend, says exporter in Thailand. Benchmark Tocom January RSS3 rubber futures trading Y3.7 lower at Y192.1/kg. (SAM)

Source: Dow Jones

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This entry was posted on Friday, August 7th, 2009 at 8:01 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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