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Tuesday, August 16, 2022

NMCE Rubber likely to trade sideways to bearish: COIL

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Fri Mon
RSS 4 119 118.5
RSS 5 116 115
Ungraded 103 100
ISNR 20 105 105
Latex(60% drc) 89.8 87.7

Spot Rubber prices declined to Rs 103/ kg on Monday.

NMCE Rubber Sep contract traded down on selling pressure from traders. It is likely to trade on a sideways to bearish note in next trading session. Trading range for next trading session is seen between 11850-11550 and either side break out will give clear direction to the prices.

Indian futures scenario

NMCE Futures (Aug contract, INR)
Day Open High Low Close
Mon 11800 11830 11721 11730

Tocom (Jan contract Yen/ Kilogram)

Day Open High Low Close
Mon 198 198.4 196.1 196.3

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