This entry was posted on Monday, August 15th, 2011 at 4:24 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 0.4% higher after moving in a tight Y362.7-Y366.4/kg range. Trade volumes are thin amid a traditional festival in Japan. “There”s a group of traders eyeing the Y380/kg level; if that resistance is not breached in a week or two, they”ll start to take short positions,” says a trader in south Thailand; he says the market is likely to remain in day-trading mode in the short term. Benchmark January rubber settles Y1.3 higher at Y364.8/kg.
Source: Dow Jones