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Oct 13: Tocom Rubber Settles Up As Weaker Yen Supports

[Dow Jones] Tocom rubber futures settle higher, with benchmark contract near 12-month high, on weaker yen while recent gains in crude oil prices, firm cash market prices also a supportive factor, says trader in Singapore. Adds further upside possible though Tocom may find immediate resistance at Y218/kg barring fresh supportive news. Benchmark March RSS3 contract settles Y2.1 higher at Y217.4/kg. (ANJ)

Source: Dow Jones

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This entry was posted on Tuesday, October 13th, 2009 at 4:13 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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