This entry was posted on Wednesday, December 7th, 2011 at 4:35 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 2.5% higher amid cautious optimism European leaders will deliver a comprehensive plan to contain the Continent’s debt crisis. Tokyo-based Okato Shoji deputy general manager Kaname Gokon says technical charts have turned positive last Friday and Tocom may test the key Y300/kg resistance next week; “there has been a lot of short-covering; market sentiment has improved.” Benchmark May rubber settles Y7.1 higher at Y291.6/kg, near the one-month high of Y291.9/kg.
Source: Dow Jones