This entry was posted on Friday, August 26th, 2011 at 7:50 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 lower in slow, rangebound trade ahead of Fed Chairman Bernanke”s Jackson Hole speech later in the day. Tocom is weighed by profit-taking, yen strength and Shanghai rubber. Most traders peg key support at Y350/kg and resistance at Y380/kg; all eyes are on Bernanke for cues to follow in Monday”s trade. The previous benchmark, January RSS3 rubber, settles Y3.1 lower at Y359.1/kg; the new benchmark February contract settles at Y360.9/kg after opening at Y362.2/kg.
Source: Dow Jones