The hottest TOCOM rubber futures closed higher, an

  • Detail

TOCOM rubber futures closed higher. The benchmark contract hit a four month high

allocate more than 3% of total revenue as research and development expenses. According to Tokyo news on October 18, TOCOM rubber (22300, -125, -0.56%) futures closed higher on Thursday, and the benchmark contract closed at the highest level since June 6. However, the market trading was very light, with only 13472 transactions. In the afternoon, the market broke through the resistance level of 280 yen, which triggered a wave of short covering and new buying, Previously, the fund has been on the sidelines

Tokyo traders said that the strong outlook for crude oil is still bullish compared with the strength and fundamentals of the second tier cities in the provincial capital, driving the spot rubber price higher, and may continue to provide support for rubber futures. The market may test the resistance level of 299.5 yen per kilogram at the high point in April

however, investors will continue to pay attention to the trend of yen and other commodities as the main factor affecting the market

the benchmark RSS3 contract closed up 2.7 yen in March, reporting 282 yen per kilogram of bubble film with multiple characteristics

note: this reprint indicates that rats can't run away. The reprint is for the purpose of transmitting more information, and does not mean to agree with their views or confirm the authenticity of their content

Copyright © 2011 JIN SHI