27.3 C
New York
Monday, August 15, 2022

NMCE Rubber support seen at 11900: COIL

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue Wed Thu Fri
RSS 4 120 119 119 119 119
RSS 5 118 117 116.5 116 116
Ungraded 104 102 102 103 103
ISNR 20 107 106 106 105 105
Latex(60% drc) 97.2 95.1 94.05 91.95 89.8

Spot Rubber prices steady at Rs 103/ kg on Friday.

Rubber traded sideways and closed at 11820 on NMCE September contract. It has good support at 11620, while resistance is seen at 11900. Prices are likely to continue bearishness in next trading session.

Indian futures scenario

NMCE Futures (Aug contract, INR)
Day Open High Low Close
Mon 11900 11950 11661 11800
Tue 11700 11920 11690 11825
Wed 11700 11855 11775 11850
Thu 11825 11875 11785 11846
Fri 11800 11865 11785 11856

Tocom (Jan contract Yen/ Kilogram)

Day Open High Low Close
Mon 197.4 198.9 197 198.5
Tue 195.6 199.4 195.6 198.9
Wed 196.7 199 196 198.4
Thu 196.9 198.8 196.2 197.8
Fri 195.8 197.5 195.1 196.2

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