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Oct 16: Tocom Rubber Settles Mostly Down; Bullish Outlook

[Dow Jones] Tocom rubber futures settle mostly lower in sluggish, rangebound session with prices drifting between positive, negative territory amid lack of clear direction; Tocom failed to breach closely-watched Y220/kg resistance despite numerous attempts this week. Overall sentiment remains firm, however, with rubber futures likely to continue finding support from recent gains in crude oil prices, tight physical supply due to wintering in Sumatra, rain-induced tapping delays in Thailand, says trader. Benchmark March RSS3 contract settles Y1.5 lower at Y212.8/kg. (ANJ)

Source: Dow Jones

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« Oct 16: Asian Physical Rubber Prices Ease;Consumers Quiet
Oct 19: Tocom Rubber Settles Mostly Up On Crude, Supply »

This entry was posted on Friday, October 16th, 2009 at 8:13 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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