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21 Aug 2014: Tocom Rubber Higher but Gains May Be Short-Lived

Tocom RSS3 rubber futures are higher as the yen weakens, with Tocom prices breaching the Y200/kg psychological level in the night session. As overall sentiment is still weak with rubber fundamentals little changed, some traders are skeptical over the longevity of Tocom’s gains; “they will be short-lived,” says a trader in Thailand. Benchmark January rubber trades Y2.1 higher at Y201.4/kg.

Source: Dow Jones

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« 20 Aug 2014: Tocom Rubber Prices Unable to Breach Y200/Kg Resistance
22 Aug 2014: Tocom Rubber Settles Slightly Higher; Y213/Kg Resistance »

This entry was posted on Friday, August 22nd, 2014 at 8:44 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.

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