This entry was posted on Tuesday, February 1st, 2011 at 4:26 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 on speculative buying support. “Yesterday”s decline in prices created a new buying opportunity for investors,” says a trader in Tokyo. Many investors lack confidence to keep long positions open overnight and therefore liquidate them even if there is a small rise in prices, a Singapore-based analyst says. The benchmark Tocom July rubber futures contract ends Y1.6 higher at Y467.6/kg after reaching an intraday high of Y471.5.
Source: Dow Jones