This entry was posted on Monday, February 7th, 2011 at 8:47 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 lower, breaching the first daily lower limit of Y10/kg on profit-taking and stop loss selling. “The decline in prices is on expected lines. As prices moved below Y495, many investors rushed to cut losses,” says an analyst in Singapore. Prices rose above the first daily upper limit on Thursday and Friday, setting the stage for today”s long liquidation. The benchmark Tocom July contract settles Y12.1 lower at Y490.8/kg. Most traders now put immediate psychological support at Y490.
Source: Dow Jones