Rubber may drop to lowest price since 2009

ERJ staff report (BC)

Tokyo – By October 2013, rubber may fall to its lowest price since 2009, according to Aya Takada of Bloomberg News.

According to company JSC Corp., says Takada, the 50-day moving average for the most active contract on the Tokyo Commodity Exchange declined below the so-called “cloud” level on Ichimoku charts this month, signalling that futures will extend losses for another six months.

Takaki Shigemoto, an analyst at the Tokyo-based company, said rubber may drop below 205.6 yen (€1.59) per kilogram, the three-year low…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with