This entry was posted on Wednesday, September 16th, 2009 at 6:25 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 rise 4.8% on stronger yen, aggressive buying in cash market, crude oil holding above $70/bbl. Nymex crude”s relative strength, including brief stint in positive territory on Globex, U.S. dollar being “capped below Y92” bullish, says analyst in Singapore. Rubber prices seem to have bottomed out for time being, prompting fresh buying among investors, says Tokyo-based broker. Traders put immediate resistance at Y205/kg. Benchmark Tocom February contract settles Y6.3 higher at Y203.3/kg after reaching intraday high of Y206.4/kg. (SAM)
Source: Dow Jones