NMCE Rubber ends down 2.86%, hits 6-year low

0
487

Natural Rubber

Spot (/kg) current week

Variety Fri Mon
RSS 4 100 98.5
RSS 5 96 95
Ungraded 87 87
20 85.5 85
Latex(60% drc) 78.2 77.65

prices steady at Rs 87/kg on Monday.

Rubber for Feb delivery declined 2.86% to close at 9824.0, its lowest level since August 2009. Support is seen at 9500 and then further lower at 9000 this week. Today’s sharp downside move indicates a resumption of the current downtrend. The intraday bias is negative for tomorrow.

Article continues below Advertisement...

Indian futures scenario

NMCE Futures (Feb contract, INR)
Day Open High Low Close
Mon 10110 10002 9792 9824

(June contract Yen/ Kilogram)

Day Open High Low Close
Mon

LEAVE A REPLY

Please enter your comment!
Please enter your name here