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Tuesday, July 5, 2022

NMCE Rubber may trade sideways to bullish: COIL

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue
RSS 4 112.5 112.5
RSS 5 109.5 110.5
Ungraded 101 101
ISNR 20 100 100
Latex(60% drc) 82.4 82.95

Spot Rubber prices steady at Rs 101/kg on Tuesday.

Rubber prices at NMCE Oct contract traded up on Tuesday after low opening. It is likely to trade sideways to bullish in next trading session as well. Trading range for next trading session is seen between 11300-11600 and either side break out will give clear direction to the prices.

Indian futures scenario

NMCE Futures (Oct contract, INR)
Day Open High Low Close
Mon 11200 11488 11365 11415
Tue 11350 11450 11346 11425

Tocom (Mar contract Yen/ Kilogram)

Day Open High Low Close
Mon 169.1 169.8 168.6 169.7
Tue 164.2 165.6 164.2 164.9

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