This entry was posted on Wednesday, October 28th, 2009 at 8:05 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 RSS3 rubber futures settle lower on profit-taking, traders say. “Due to lack of fresh cues, some investors consider it prudent to liquidate positions,” says Tokyo-based trader. Earlier, Y230/kg was support, now it seems to have turned into resistance, says exporter in Singapore. Traders expect prices to hover around Y230/kg near term. Benchmark Tocom April contract settles Y1.1 lower at Y229.7/kg. (SAM)
Source: Dow Jones