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27 Oct 2011: Tocom Rubber Settles Higher; Y300/Kg Resistance

Tocom rubber futures settle 2% higher in line with equities as most investors cheer the EU”s plan to contain the debt crisis; fundamentals have been stable recently but external cues are inducing volatility in prices, IRCo chief secretary Yium Tavarolit says; traders peg resistance at Y300/kg with Tocom weighed by a strong JPY. Benchmark April rubber settles Y6 higher at Y299.9/kg, off the intraday high of Y300.7/kg.

Source: Dow Jones

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« 26 Oct 2011: AFET Rubber Closing Price
27 Oct 2011: AFET Rubber Closing Price »

This entry was posted on Thursday, October 27th, 2011 at 9:19 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.

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