This entry was posted on Thursday, March 10th, 2011 at 4:50 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.
Tocom rubber futures settle 1.1% higher on dip buying; Tocom may have found a bottom after heavy losses this week and may trade sideways Friday, a Thailand-based trader says; support is at Y404/kg and resistance at Y430/kg. Further sharp falls in rubber prices aren”t likely in IH11 after recent heavy losses, IRCo acting CEO Yium Tavarolit says. Benchmark August rubber settles Y4.4 higher at Y416.8/kg, off an intraday high of Y426/kg.
Source: Dow Jones