This entry was posted on Wednesday, March 17th, 2010 at 7:57 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 futures settle higher as investors scurry to cover short positions after U.S. Federal Open Market Committee says interest rates will remain low for some time. Tocom rubber”s rise today further fueled by upward movement in Shanghai rubber, says Tokyo-based commodity brokerage executive. “Tocom rubber may test Y290/kg resistance tomorrow if there are further gains in other commodities.” Support exists at Y280/kg. Benchmark August rubber contract settles Y5.8 higher at Y288.6/kg.
Source: Dow Jones