24.9 C
New York
Monday, August 15, 2022

NMCE Rubber likely to test 13000-12500 in short term: COIL

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue
RSS 4 135 134
RSS 5 133 132
Ungraded 114 113
ISNR 20 123 122
Latex(60% drc) 104.6 104.6

Spot Rubber prices declined to Rs 113/kg on Tuesday.

NMCE Rubber closed down 290 points or 2.12% at 13365 on Tuesday. Prices are trading above intraday support at 13350 breaking which prices are likely to test 13000-12500 in the short term. On the upside,13800 acts as a strong resistance and a break above it is likely to propel prices high to mid-April highs.

Indian futures scenario

NMCE Futures (May contract, INR)
Day Open High Low Close
Mon 13801 13801 13421 13440
Tue 13351 13534 13100 13150

Tocom (Oct contract Yen/ Kilogram)

Day Open High Low Close
Mon 180 181.2 180 181
Tue 182.3 182.5 181.8 182.4

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,291FansLike
12,893FollowersFollow
748FollowersFollow
- Advertisement -

Latest Articles

Popular Articles