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Oct 26: Tocom RSS3 Rubber Lower On Long Liquidation

[Dow Jones] Tocom RSS3 rubber futures lower on weak crude, profit-taking ahead of October contract expiry. “Some investors are rolling over their positions, others are liquidating them,” says Tokyo-based broker. Decline in crude oil, gold prices resulting in near-term price retracement, says Avtar Sandu, manager, Phillip Futures; adds long-term outlook still positive. Benchmark Tocom RSS3 rubber futures trading Y2.1 lower at Y231.8/kg after reaching intraday low of Y229.9. (SAM)

Source: Dow Jones

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« Oct 23: Rubber Rises to One-Year High as Oil, China Growth Boost Demand
Oct 27: Rubber Decreases for Second Day as Oil’s Retreat Reduces Demand »

This entry was posted on Monday, October 26th, 2009 at 7:35 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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