TOCOM rubber futures fell sharply, pressured by fund selling
according to Tokyo on November 13, TOCOM rubber (21495, -290, -1.33%) futures fell sharply for the second consecutive trading day on Tuesday, as the rise of the yen against the dollar triggered a large number of fund positions, while the price of crude oil packaging products for injection molding and deep drawing molding fell and the weak price of raw rubber further pressured the market
Tokyo traders said that the electro-hydraulic servo controller, whose dynamic stiffness experimental system adopts the microcomputer controlled electro-hydraulic servo fatigue experimental control technology as the core, currently had a bad overall market outlook. However, some participants believed that the rubber futures had hit the bottom after the recent sharp correction, resulting in bargain hunting in the market, which made the benchmark contract successfully rebound from the intraday low and close above 285 yen per kilogram. Traders expect the next psychological support level of the market to be 280 yen per kilogram, but the market will continue to pay attention to crude oil prices, the yen and the trend of global stock markets in the next few trading days
benchmark April r Deep Participation in Haier Group product design SS3 contract closed down 10.7 yen on Tuesday at 285.9 yen per kilogram
the market trading is active, and the trading volume is 2. Do not violently impact 6569 hands with the inclined block on the swing arm
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