DJ Tocom Rubber Settles Higher; Y240/Kg Resistance -Phillips Futures

[Rakayang.Com]

DJ Tocom Rubber Settles Higher; Y240/Kg Resistance -Phillips Futures
     Tocom rubber futures settle 3.6% higher, with prices extending gains after breaching Y230/kg resistance. A Bangkok-based trader at a major exporter says there may be further upside for Tocom, as the futures were far too oversold earlier this year amid the start of the low-production season. Singapore-based brokerage Phillip Futures tips technical resistance at Y240/kg. Benchmark July rubber settles Y8.1 higher at Y233.5/kg, off the intraday high of Y233.8/kgg. (huileng.tan@dowjones.com)

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