May 02, 2011

Commodity Rubber Outlook and Tips

Commodity rubber yesterday traded positively and settled 23516 on short covering which is 0.71% up and  after and price fell heavily for whole week as there was no fresh demand from major consuming sectors. The commodity supply due to unseasonal rains during March in Thailand and during April in Malaysia have also cushioned the price fall.

Commodity support for today's market session is expected at 23312, test of 23107 is expected and resistance is now likely to be seen at 23660, a move above could see prices testing 23803.

Commodity Rubber Market:
Rubber trading range is 23107-23803.
Rubber MAY & JUN contracts yesterday ended at 434.00 spread in market is expected.
Spread yesterday traded in the range of -70 to 449.
NMCE accredited warehouses Rubber stock rosed by 1kgs to 7046kgs. 

Related Posts Plugin for WordPress, Blogger...
Get excellent Free Tips through SMS of 89.55% accuracy on MCX Gold Tips | Silver Tips for Today| Tips on Buying Silver| MCX Silver Tips for Today| Gold tips and Silver Tips| Copper Updates| MCX Online Tips| Gold Live Price for India | Precious metals |Commodity live Tips | Commodity Prices| MCX NCDEX Tips| Live MCX Tips

Google Translator


This commodity blog is solely intended to give commodity recommendation over commodities, MCX Live Tips, Bullion Tips, Gold Tips, Silver Tips and we are not responsible for any loss. All readers must accept responsibility on their own for using commodities tips.