This entry was posted on Thursday, November 26th, 2009 at 9:00 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 settle higher as investors set up long positions, taking leads from gains in crude oil, gold. “Prices are moving up in one straight line upwards. All this is uncharted territory for more than a year now, making it difficult to pinpoint technical resistance,” says analyst in Singapore. Prices may rise above Y260/kg in next few days, says Tokyo-based broker. Benchmark Tocom May contract settles Y1.2 higher at Y253.1/kg after reaching intraday high of Y255.3/kg, level not seen since October last year. (SAM)
Source: Dow Jones