Natural Rubber Fundamental Daily Analysis

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Natural rubber prices at Tocom futures trading on Monday afternoon (26/9) ended up down. Tocom rubber prices triggered weakening the yen's rise.Yen strengthened observed but the result is favouring Yen as the exhcange rate of USDJPY pair fell around 0.10 percent at 100.91.

The increase in the exchange rate of the Japanese yen makes commodities traded in the currency is becoming relatively more expensive for overseas buyers. The impact demand for these commodities declined. In afternoon trading, the price of rubber futures for the most active contract on the Tokyo commodity exchange is a contract in February 2017 ended lower by -0.5 yen or 0.3 percent to 168.5 yen per kilogram, down from its previous close at 169, 0 yen per kilogram.

Analyst then estimates that Runner price movement on the Tocom's trading next session will weaken Yen strengthening potential. Tocom's Rubber futures price will test the support level at 163.00 yen. Prices will meet resistance at 173.00 yen if the price reverses into positive territory

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Natural rubber prices Tocom futures trading on Tuesday afternoon (27/09) ended down to the lower level. Weakening Tocom rubber prices decline in crude oil prices dampened on Asian session. Crude oil futures prices slipped in Asian trade on Tuesday (27/09) as investors took profits after prices rose more than 3 percent in the previous session.

US dollar also weighed on oil prices once rose against a basket of currencies, with the market showing ratings of Democratic candidate Hillary Clinton as the winner in the first US presidential debate with Republican candidate Donald Trump.

The weakening in crude oil prices make synthetic rubber production costs become cheaper. The impact demand for commodities like natural rubber is traded on Tocom decreased.In today's trading, the price of rubber futures for the most active contract on Tokyo commodity exchanges that contract ends by -4.5 yen or -2.7 percent, to 164.0 yen per kilogram, down from its previous close at 168 , 5 yen per kilogram.

Natural Rubber Tocom's price movement estimated to be weakened on the next session with the potential weakening of Crude Oil that can push prices of Rubber. But also need to be observed movement of weakened Yen this afternoon if it continues will strengthen Tocom rubber prices.

Commodity prices Tocom rubber futures exchange will test the support level at 159.00 yen and 154.00 yen. Prices will meet resistance at the level of 169.00 and 174.00 yen if the price is in positive territory.

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Tocom rubber price in midday trading Wednesday (28/09) finished up. Prices of natural rubber futures for the most active contract, namely March 2017 helped strengthen weaker yen and rising crude oil prices. Observed the Japanese Yen weakened and USDJPY currency pair traded higher by 0.13 percent at 100.56.

A weaker yen makes Tocom futures price of natural rubber rose. For overseas buyers with a weakening yen makes commodities traded in the currency has become relatively cheaper, so the demand has increased. Tocom rubber price increases also supported the rise of crude oil in the Asian trading session.

The increase in crude oil prices make synthetic rubber production cost becomes more expensive. The impact demand for commodities like natural rubber is traded on Tocom has increased significantly. Natural rubber prices in Tocom for the most active contract, rose by 0.1 yen or 0.1 percent at 164.60 yen per kilogram, an increase compared to the previous closing.

Analyst estimates that Tocom rubber price movements on the next trading day may still appreciate the weakening yen. For the next trading session price is expected to meet the level of resistance at 170.00 yen. No further resistance at 175.00 yen. Meanwhile if lower prices will find support in the position of 160.00 yen and then next to around 155.00 yen.

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Tocom rubber prices on the trading session Thursday afternoon (29/09) finished up. Prices of natural rubber futures for the most active contract, namely March 2017 helped strengthen the weakened yen.USDJPY currency pair observed rise up around 0.9 percent at 101.56.

 

A weaker yen makes Tocom futures price of natural rubber rose. For overseas buyers with a weakening yen makes commodities traded in the currency has become relatively cheaper, so the demand has increased. Natural rubber prices in Tocom for the most active contract, rose by 2.2 yen or 1.3 percent at 166.80 yen per kilogram, an increase compared to the previous closing at 164.60 yen per kilogram.

 

Analyst estimates that Tocom rubber price movements in the next trading session today still appreciate the weakening yen. For the next trading session price is expected to meet the level of resistance at 172.00 yen. No further resistance at 177.00 yen. Meanwhile if lower prices will find support at 162.00 yen and 157.00 yen.

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Natural rubber prices on Tocom futures trading on Friday afternoon (30/09) was observed to fall. Weakening Tocom rubber prices decline since crude oil prices dampened on Asian session. Crude oil prices fell in the Asian session as investors took profits after a rise of 7 percent in the past two sessions, amid doubts that OPEC plans to reduce production in eight years will create great pressure on global crude oil glut.

The weakening in crude oil prices make synthetic rubber production costs become cheaper. The impact demand for commodities like natural rubber is traded on Tocom decreased. In today's trading, the price of rubber futures for the most active contract on TOCOM is a contract in March 2017 was observed to decrease by 3.3 yen or -1.98 percent, to 163.5 yen per kilogram, down from its previous close at 166 , 8 yen per kilogram.

It seems the price movement of Tocom rubber futures trading next session will weaken since there is potential weakening of crude oil that can push prices Tocom rubber. Also to be seen Yen movements that may affect the price of rubber Tocom, and Tocom rubber futures exchange will test the support level at 158.00 yen and 153.00 yen. Prices will meet resistance at the level of 168.00 and 173.00 yen if the price is in positive territory.

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Tocom rubber prices on the Monday's afternoon trading session observed to finished up. Natural rubber futures prices for the most-active contract March 2017 rise to the higher price level and triggered by the strengthening of the Tokyo stock exchange. Japan's Nikkei Stock Index at the end of trading on Monday (03/10) ends positively. Strengthening of Nikkei Index supported by the strengthening of Wall Street and the increasing growth of Japanese manufacturing.

Natural rubber prices in Tocom for the most active contract, namely to contract this afternoon ended March 2017 rose by 0.1 percent at 163.40 yen per kilogram, an increase compared to the previous closing at 163.30 yen per kilogram. Analyst estimates that Tocom rubber price movement at the next trade will rise helped by the strengthening of the Tokyo stock exchange. 

However, it should be observed that if the potential of a strong yen continues could depress prices. For the next trading session price is expected to meet the resistance level at 168.00 yen. No further resistance at 173.00 yen. Meanwhile if the price drops will find support is at 158.00 yen and 153.00 yen.

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Tocom rubber prices on the Tuesday trading session on afternoon (04/10) was observed to rise. Prices of natural rubber futures for the most active contract, namely March 2017 helped by the weakened Yen. USDJPY currency pair traded up around 0.6 percent at 102.21.

A weaker yen makes Tocom futures price of natural rubber rose. For overseas buyers with a weakening yen makes this commodity traded in the currency has become relatively cheaper, so the demand has increased. Natural rubber prices in Tocom for rose by 2.6 yen or 1.6 percent at 166.00 yen per kilogram, an increase compared to the previous closing at 163.40 yen per kilogram.

Tocom rubber price movements in the next trading session today still appreciate by the weakening yen. For the next trading session price is expected to meet resistance at 171.00 yen. No further resistance at 176.00 yen. Meanwhile if there is a decline then will meet support at 161.00 yen.

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Tocom rubber price in midday trading Wednesday (04/10) observed to rise. Natural rubber futures prices for the most-active contract on March 2017 triggered the strengthening of Tokyo stock exchange and an increase in Japan's economic growth projections by the IMF. The Nikkei rose 0.52 percent, the possibility is supported by a weaker yen. Pair dollar / yen traded at 102.82 per 12:26 HK / SIN, the lowest in three weeks for the yen.

Strengthening also supported an increase in Japan's economic growth forecast by the IMF. Natural rubber prices in Tocom for the most active contract, namely to contract this afternoon in March 2017 rise by 3.7 yen or 2.2 percent at 169.70 yen per kilogram, an increase compared to the previous closing at 166.00 yen per kilogram.

Analyst estimates that Tocom rubber price movement at the next trade will rise helped by the strengthening of the Tokyo stock exchange and the projected increase in economic growth and the weakening yen. For the next trading session price is expected to meet resistance at 175.00 yen. No further resistance at 180.00 yen. Meanwhile if the price drops will find support at 165.00 yen and 160.00 yen.

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Tocom rubber price in midday trading Thursday (06/10) observe to rise higherp. Natural rubber futures prices for the most-active contract gained ie March 2017 triggered by the strengthening of the Tokyo stock exchange. The Nikkei index rose about 0.6 percent this afternoon, supported gains on Wall Street and a surge in crude oil overnight. The movement is still weak yen also supported the index.

Natural rubber prices in Tocom for the most active contract, namely to contract this afternoon in March 2017 moved up by 1.5 yen or 0.9 percent at 172.10 yen per kilogram, an increase compared to the previous closing at 170.60 yen per kilogram. Tocom rubber price movement at the next trade will rise helped by the strengthening of the Tokyo stock exchange and the potential weakening Yen and for the next trading session price is expected to meet resistance at 177.00 yen. No further resistance at 182.00 yen. Meanwhile if the price drops will find support at 167.00 yen and 162.00 yen.

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Tocom rubber price in trading on Friday afternoon (07/10) finished up. Prices of natural rubber futures for the most active contract, namely March 2017 rose helped by rising crude oil prices. US crude oil prices hold above $ 50 a barrel Friday in Asia session as a whole curve of crude oil forward rose above.

The increase in crude oil prices make synthetic rubber production cost becomes more expensive. The impact demand for commodities like natural rubber is traded on Tocom has increased significantly. Natural rubber prices in Tocom for the most active contract, namely to contract this afternoon ended in February 2017 rose by 1.05 percent at 173.70 yen per kilogram.

Analyst estimates that Tocom rubber price movement in trading has the potential to strengthen further limited by the potential increase in crude oil. However, it should be observed movement of Yen first. Prices are expected to meet resistance at 179.00 yen. No further resistance at 184.00 yen. Meanwhile if the price drops will find support at 169.00 yen and 164.00 yen.

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TOCOM rubber on Tokyo commodity exchange got its holiday this Monday to celebrate the sport in Japan. Tocom rubber prices in late trading Friday weekend (07/10) finished up. Prices of natural rubber futures for the most active contract, namely March 2017 rose helped by rising crude oil prices.

US crude oil prices hold above $ 50 a barrel Friday in Asia as a whole curve of crude oil forward curve rose above the surface which indicates that the financial markets have increased confidence in the sector. Energy ministers from Saudi Arabia, Iran and Iraq will be among representatives of major OPEC producers met with Russia, which is not a member of OPEC, for informal talks next week on the sidelines of an energy conference in Istanbul, OPEC sources said on Thursday.

The increase of crude oil prices make synthetic rubber production cost becomes more expensive. The impact demand for commodities like natural rubber is traded on Tocom has increased significantly. Natural rubber prices on March 2017 ended up with rose by 1.7 yen or 1.00 percent at 173.60 yen per kilogram, after reaching its highest at the beginning of the session.

Weekly Tocom rubber prices rose about 6 percent, largely supported the increase in crude oil prices, the weakening of the yen and the strengthening of the Tokyo stock exchange.

Tocom rubber price movement at the next trade will examine the movement of Yen and Crude oil. With the easing of US interest rate hike expectations after weak US jobs data, the US dollar weakens and potentially strengthen Yen. Prices are expected to meet support at 169.00 yen. Meanwhile if the price rises will meet resistance at 179.00 yen.

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Tocom rubber prices in the afternoon trading session on Tuesday (11/10) was observed to rise. Prices of natural rubber futures for the most active contract, namely March 2017 helped Yen weakened. USDJPY currency pair traded higher 0.31 percent at 103.93.

 

A weaker yen makes Tocom futures price of natural rubber rose. For overseas buyers with a weakening yen makes commodities traded in the currency has become relatively cheaper, so the demand has increased. Natural rubber prices in Tocom rose by 8.9 yen or 5.12 percent at 182.60 yen per kilogram, an increase compared to the previous closing at 173.70 yen per kilogram.

 

Tocom rubber price movements in the next trading session today still appreciate the weakening yen. For the next trading session price is expected to meet the level of resistance at 188.00 yen. No further resistance at 193.00 yen. Meanwhile if the price fall down the it will find support at 178.00 yen and 173.00 yen.

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Natural rubber prices on Tocom futures this Thursday afternoon ended down. Weakening Tocom rubber prices triggered a strong yen and weakening crude oil. Japanese Yen strengthened observed fell around 0.32 percent at 103.88. The increase in the exchange rate of the Japanese yen makes commodities traded in the currency is becoming relatively more expensive for overseas buyers. The impact demand for these commodities declined.

The weakening in crude oil prices make synthetic rubber production costs become cheaper. The impact demand for commodities like natural rubber is traded on Tocom decreased. In afternoon trading, the price of rubber futures for the most active contract on the Tokyo commodity exchange is a contract in March 2017 ended lower by 1.06 percent to 177.8 yen per kilogram.

Analyst estimates that the price movement Tocom rubber futures at the next trade is potentially affected by the natural pressure of the potential for strengthening the Japanese yen and weakening crude oil. and has the chance to test the support level at 173.00 yen and 168.00 yen. Prices will meet resistance at 183.00 and 188.00 yen if the price reverses to the positive territory

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Tocom rubber prices on Friday afternoon finished with the price with bullish sentiment. Prices of natural rubber futures for the most active contract, namely March 2017 helped strengthen weaker yen and rising crude oil prices. USDJPY observed rise around 0.3 percent at 104.01.

A weaker yen makes Tocom futures price of natural rubber rose. For overseas buyers with a weakening yen makes commodities traded in the currency has become relatively cheaper, so the demand has increased. Tocom rubber price increases also supported the rise of crude oil in the Asian trading session.

The increase in crude oil prices make synthetic rubber production cost becomes more expensive. The impact demand for commodities like natural rubber is traded on Tocom has increased significantly. Natural rubber prices in Tocom rose by 5.5 yen or 3.1 percent at 183.30 yen per kilogram, an increase compared to the previous closing at 177.80 yen per kilogram.

It estimates that Tocom rubber price movements in the next trading session today still appreciate by the weakening yen. For the next trading session price is expected to meet the resistance level at 188.00 yen. No further resistance at 193.00 yen. Meanwhile if the price for some reason fall down it will find support level at 178.00 yen and 173.00 yen.

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Tocom rubber price in midday trading on Monday (17/10) to move up. Natural rubber futures prices for the most-active contract gained ie March 2017 triggered the strengthening of the Tokyo stock exchange. The Nikkei 225 rose 0.27 percent, because stocks tend to receive a boost from the relatively weak yen.

 

Natural rubber prices in Tocom for the most active contract, namely to contract this afternoon in March 2017 moved up by 0.3 yen or 0.16 percent at 183.60 yen per kilogram, an increase compared to the previous closing at 183.30 yen per kilogram, and it estimated that Tocom rubber price movement at the next trade will rise helped by the strengthening of Tokyo stock exchange and the potential weakening Yen. But if the yen rebounded can press Tocom rubber prices.

 

For the next trading session the price of this commodity is expected to meet the level of resistance at 188.00 yen . It seems that there is no further resistance at 193.00 yen. Meanwhile if the price drops then Natural Rubber Futures price will find support at 178.00 yen and 173.00 yen if able to break the previous support.

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Natural rubber prices Tocom futures trading on Thursday afternoon (18/10) ended down. The weakening of rubber prices Tocom hampered by the strengthening yen.vThe Japanese yen traded at 103.79 against the dollar at 11:28 HK / SIN Tuesday from the overnight gains near 104.04 level reached on Monday afternoon in Asia.

 

The increase in the exchange rate of the Japanese yen makes commodities traded in the currency is becoming relatively more expensive for overseas buyers. The impact demand for these commodities declined. In today's trading, the price of rubber futures fell by 0.7 yen or 0.38 percent, to 183.0 yen per kilogram, down from its previous close at 183 , 7 yen per kilogram.

 

Analyst estimates that the price movement on the Tocom rubber futures trading next session will weaken with Yen strengthening potential. Commodity prices Tocom rubber futures exchange will test the support level at 178.00 yen and 173.00 yen. Prices will meet resistance at the level of 188.00 and 193.00 yen if the price is in positive territory.

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Natural rubber prices Tocom futures trade on Wednesday afternoon (18/10) ended down. The weakening of rubber prices Tocom hampered profit taking triggered a variety of bearish sentiment. Bearish sentiment came with the rising crude rubber inventories at Japanese ports in 8034 tons to 30 September, up 2.9 percent from last inventory date, data from the Rubber Trade Association of Japan showed on Tuesday.

 

Driven by government spending and a housing boom, China's steady economic growth of 6.7 percent in the third quarter, but the decline of private investment, debt buildup and the risk of property by government restrictions make investors cautious. In today's trading, the price of rubber futures for the most active contract fell by 6.3 yen or 3.44 percent, to 176.7 yen per kilogram.

 

Tocom rubber futures trading on potentially weak next session with the strengthening Yen. However, it should be observed strengthening of the Japanese market and the rise in crude oil that could be supporting sentiment and will test support level at 172.00 yen and 167.00 yen. Prices will meet resistance at the level of 182.00 and 187.00 yen if the price is in positive territory.

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Natural rubber prices Tocom futures trading on Thursday afternoon (20/10) ended down. Weakening rubber prices triggered by the decline in crude oil prices dampened on Asian session.  Crude oil prices slumped on Thursday afternoon pressured profit-taking after the market rally the previous day as the result of withdrawals in weekly US crude inventories and expectations of OPEC production cuts led.

 

The weakening in crude oil prices make synthetic rubber production costs become cheaper. The impact demand for commodities like natural rubber is traded on Tocom decreased. In today's trading,  Rubber futures for the most active contract on Tokyo commodity exchanges fell by 0.6 yen or 0.34 percent, to 176.1 yen per kilogram, down from its previous close at 176.

 

Tocom rubber futures trading next session will weaken as the potential weakening of crude oil that can push prices of Rubber. But also need to be observed movement of Yen which is weakened this afternoon, and if it continues will strengthen Tocom rubber prices. Rubber futures exchange will test support level at 171.00 yen and 166.00 yen. Prices will meet resistance at 181.00 and 196.00 yen if the price is in positive territory.

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Natural rubber prices on Tocom futures trading ended down. Weakening Tocom rubber prices decline affected  by crude oil prices which eroded on Asian session. Crude oil prices are still moving weaker in Asia session on Friday afternoon (21/10), weighed down by a stronger dollar, but supported by signs of the fuel market balance after two years of oversupply.

 

The US dollar rose to its highest level since March against a basket of other major currencies on Thursday, potentially depress demand as fuel becomes more expensive for countries that use other currencies. In today's trading, Rubber price fell by -2.2 yen or -1.25 percent, to 173.9 yen per kilogram, down from its previous close at 176 , 1 yen per kilogram.

 

Analyst estimates that the price of Natural Rubber movement on Tocom next session will weaken the potential weakening of crude oil that can push Rubber. But also need to be observed Yen movements that can affect the price of rubber Tocom. Commodity prices of Tocom rubber futures exchange will test the support level at 169.00 yen and 164.00 yen. Prices will meet resistance at the level of 179.00 and 184.00 yen if the price is in positive territory.

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Tocom rubber price in midday trading Tuesday observed to rise. Prices of natural rubber futures for the most active contract, namely in March 2017 triggered by stronger currency weakening Yen. USDJPY currency pair traded higher by 0.20 percent at 104.29.

 

A weaker yen makes Tocom futures price of natural rubber rose. For overseas buyers with a weakening yen makes commodities traded in the currency has become relatively cheaper, so the demand has increased. Natural rubber prices in Tocom for the most active contract, rose 1.6 percent at 181.40 yen per kilogram.

 

Tocom rubber price movements in the next trading session today still appreciate the weakening yen. For the next trading price is expected to meet resistance level at 186.00 yen. No further resistance at 191.00 yen. Meanwhile if the price fall lower then will find support at 176.00 yen and 171.00 yen.

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Natural rubber prices Tocom futures trade on Wednesday afternoon (26/10) ended down. Weakening Tocom rubber prices decline in crude oil prices eroded Asian session. Oil prices fell about one per cent on Wednesday in Asian session, pressured reports surge in US crude inventories, the increase in production in Nigeria and disagreements among manufacturers about the decline in production to address global supply glut.

The weakening in crude oil prices make synthetic rubber production costs become cheaper. The impact demand for commodities like natural rubber is traded on Tocom decreased. In today's trading, rubber futures fell by 1.71 percent, to 178.4 yen per kilogram, down from its previous close on 181 , 5 yen per kilogram.

The price movement on the Tocom rubber futures trading next session will potentially weaken since crude oil that can push prices Tocom rubber. But also need to be observed Yen movements that can affect the price of rubber Tocom. Rubber futures price will test the support level at 173.00 yen and 168.00 yen. Prices will meet resistance at the level of 183.00 and 188.00 yen if the price is in positive territory.

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TOCOM rubber prices on the trading session on Thursday afternoon (27/10) ended up. The price of natural rubber futures the most active contract for April 2017, which helped to strengthen weaker yen and higher crude oil prices. USDJPY traded up 0.2 percent at 104.63.

 

A weaker yen makes Tocom futures price of natural rubber rose. For overseas buyers with the weakening of the yen makes commodities traded in the currency become cheaper relative to demand increased, the price also supported by thhe rise in crude oil on Asian trading session.

 

The price of natural rubber in Tocom for the most active contract is to contract this afternoon ended April 2017 increased by 2.9 yen or 1.6 percent at 181.90 yen per kilogram, compared with the previous closing at 179.00 yen per kilogram.

 

The price of rubber Tocom on the next trading day is still the potential to strengthen the weakening Yen. For the next trading session price is expected to meet resistance level at 187.00 yen. The next resistance is at 192.00 yen. Meanwhile if prices weakened position will find support at 177.00 yen and 172.00 yen.

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Natural rubber prices Tocom futures trading on Monday afternoon (31/10) ended down. Weakening Tocom rubber prices decline bt crude oil prices which eroded Asian session.  Crude oil prices extended losses in trading on Monday (31/10) in the Asian session after non-OPEC producers did not make a specific commitment to join OPEC to restrict oil production to shore up prices.

 

The weakening in crude oil prices make synthetic rubber production costs become cheaper. The impact demand for commodities like natural rubber is traded on Tocom decreased. In today's trading, the price of rubber futures for the most active contract on the Tokyo commodity exchange decreased by 0.20 percent, to 183.5 yen per kilogram.

 

Rubber futures trading next session will weaken the potential weakening of crude oil that can push prices Tocom rubber. But also need to be observed Yen movements that can affect the price of rubber Tocom. Rubber exchange will test the support level at 177.00 yen and 172.00 yen. Prices will meet resistance at the level of 189.00 and 194.00 yen if the price is in positive territory.

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Natural rubber prices Tocom on Tuesday afternoon (31/10) ended down. Weakening Tocom rubber price affected by the overnight decline in crude oil prices, which in October with oil prices tumbled 4 percent.

The weakening in crude oil prices make synthetic rubber production costs become cheaper. The impact demand for commodities like natural rubber is traded on Tocom decreased. However, further weakening retained after this afternoon crude oil prices rebounded in Asian session, as well as the Shanghai stock exchange recorded a positive result after Chinese manufacturing growth rose in October.

Rubber futures for the most active contract on the Tokyo commodity exchange is a contract ending in April 2017 decreased by 0.2 percent, to 183.1 yen per kilogram. Tocom rubber futures trading next session potentially strengthened by the potential increase in crude oil also need to be observed Yen movements that can affect the price of rubber.

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The price of natural rubber futures trading Thursday afternoon on the Tocom (03/11) ended down. Tocom rubber price weakening by a strengthening Yen. Yen strengthened after The U.S. Fed's decision maintain interest rates unchanged so as to weaken U.S. dollar. USDJPY weakened about 0.5 percent at 102.82.

 

The rise in the exchange rate of the yen makes Natural Ruber prices traded in the currency is becoming relatively more expensive for buyers abroad. The impact of these commodities demand will decline. In trading today, the price of rubber futures ended down by-5.1 yen or-2.8 percent, becoming 178.0 yen per kilogram.

 

Analyst estimated that the price movements of futures trade on the Tocom rubber session next potentially weakened with the potential strengthening of Yen. Tocom rubber will test Support at 173.00 and 168.00 yen. The price will meet Resistance at level 183.00 and 188.00 yen if the price were in positive territory.