This entry was posted on Thursday, August 15th, 2013 at 4:14 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 0.5% lower in thin, summer trading and may extend losses as investors are not interested in new positions in the holiday season, Kaname Gokon deputy general manager Okato Shoji says adding that Tocom may be overbought after strong gains last week and most investors are likely to lock in profits quickly because of low trading volumes. He tips support at Thursday’s intraday low of Y262.8/kg. Benchmark January rubber settles Y1.3 lower at Y264.6/kg.
Source: Dow Jones