This entry was posted on Monday, August 3rd, 2009 at 4:12 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.
[Dow Jones] Tocom rubber futures end higher but off highs on profit-taking, say traders. “After prices failed to consolidate above Y199/kg, profit-taking set in,” says analyst in Singapore. Traders place immediate resistance at Y199/kg. Crude oil gains supportive but some traders keen to liquidate positions, take profits before investing again. Benchmark Tocom January RSS3 rubber futures ends Y0.8 higher at Y196.3/kg, off intraday high of Y199.9/kg. (SAM)
Source: Dow Jones