This entry was posted on Wednesday, July 27th, 2011 at 7:02 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 2.2% higher; rising Shanghai rubber and recovering crude oil support; but overall trade volume on Tocom is relatively low due to caution as a strong yen still weighs and a stalemate continues in the U.S. over raising the debt ceiling. Prices may gain further if they stay above Y395/kg, a trader in Thailand says, pegs next big resistance level at Y400/kg. Benchmark January rubber settles Y8.4 higher at Y396/kg, near an intraday high of Y396.5/kg.
Source: Dow Jones