DJ Tocom Rubber Settles Lower; Further Downside Risk Ahead -- Market Talk
Tocom rubber futures settle 0.8% lower in a day of slow trade as investors lock in quick profits after a brief technical rebound last week, says Kaname Gokon, deputy manager of research at Okato Shoji Co. He adds investors are likely to be setting new short positions now, as supply from major producing regions is increasing due to seasonal factors, while demand is generally slow; he tips support at Y204-Y205/kg. Benchmark January rubber settles Y1.7 lower at Y206.3/kg. (huileng.tan@wsj.com; Twitter: @huileng_tan)
??�: Dow Jones Newswires
