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30 Nov 2011: Tocom Rubber Gains; Resistance At Y275/Kg

Tocom rubber futures move higher tracking overnight crude oil, but prices are capped by weak fundamentals; concerns remain over the global economy and prices are prone to fall any time, an importer in Tokyo says. Benchmark May RSS3 is Y2.6 higher at Y274.2/kg; traders peg psychological resistance at Y275/kg.

Source: Dow Jones

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This entry was posted on Wednesday, November 30th, 2011 at 4:56 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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