This entry was posted on Monday, May 17th, 2010 at 4:41 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 hit five-month low on long liquidation, may fall below Y250/kg, traders say. “It”s difficult to chart near-term support because the market hadn”t earlier traded at current low levels this year,” Singapore-based technical analyst says; pegs immediate support at Y245/kg, resistance Y261/kg. Benchmark Tocom October RSS3 rubber futures trading Y9.8 lower at Y252.4/kg, close to intraday low Y252.1/kg, level not seen since December.
Source: Dow Jones