This entry was posted on Thursday, February 14th, 2013 at 7:52 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 RSS3 rubber futures end tad higher after moving both ways in choppy trade; stronger yen caps gains. Yen has strengthened to Y93 against the U.S. dollar after trading above Y94 on Tuesday. Stronger yen makes Japan’s imports of natural rubber cheaper. Benchmark Tocom July rubber contract ends Y0.5 higher at Y332.1/kg after reaching an intraday high of Y333. Traders put immediate support at Y330 and resistance at Y337/kg.
Source: Dow Jones