This entry was posted on Thursday, September 25th, 2008 at 7:53 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 lower as weak fundamental outlook, general weakness throughout commodities complex continue to weigh on sentiment, says Mitsubishi Futures Corporation analyst Shuji Sugata. Adds further downside likely in coming sessions, with world”s biggest consumer China absent next week for holidays; Tocom likely to find immediate technical support at Y282.6/kg, though breach of Y280/kg would trigger stop-losses, lead to further sharp declines. New benchmark March RSS3 contract settles at Y287.2/kg after opening this morning at Y287.5/kg. Trade thin with just 22,896 lots exchanged.
Source: Dow Jones Newswires