This entry was posted on Thursday, June 23rd, 2011 at 8:37 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 rubber futures settle 1.2% lower after falling as much as 2.1% intraday, tracking movs in Shanghai rubber and crude oil; a Thailand-based trader says Tocom was able to pare losses in the last hour of trade after being oversold Wednesday and Thursday; still, any upside will likely be capped as increasing supplies and technical factors could prompt traders to lock in any gains next session; he pegs immediate support at Y350/kg. Benchmark November RSS3 settles Y4.3 lower at Y360.4/kg, off an intraday low of Y357/kg.
Source: Dow Jones