This entry was posted on Wednesday, June 6th, 2012 at 8:24 am 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 in cautious trade, rebounding from a two-and-a-half-year low Monday as investors bargain hunted and covered shorts. Still, Tocom’s upside is limited amid global macroeconomic uncertainties, and investors are looking ahead to the outcomes of forthcoming G-7 and ECB meetings for further cues; a Tokyo-based analyst pegs resistance at Y250/kg. Benchmark November rubber settles Y1 higher at Y243.8/kg, off the intraday high of Y248.5/kg.
Source: Dow Jones