This entry was posted on Wednesday, July 6th, 2011 at 7:16 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 2.0% higher after gaining as much as 2.5% intraday, taking cues from crude oil futures and Shanghai rubber. “Prices have been on a rebound [since early last week] as investors take new longs, but we may start to see some investors starting to stand on the sidelines as they keep their focus on volatile Shanghai rubber futures,” says a Tokyo-based commodities brokerage analyst; he tips support at Y372/kg and resistance at Y390/kg. Benchmark December rubber settles Y7.5 higher at Y383.9/kg, off the intraday high of Y385.7/kg.
Source: Dow Jones