Natural Rubber Fundamental Daily Analysis

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Natural rubber prices Tocom futures trading on Friday afternoon (03/11) ended down. Tocom rubber prices following the weakening of the weakening of the Tokyo stock exchange.Japan's Nikkei index fell to 2.5 weeks on Friday stressed the uncertainty surrounding the US presidential election next week.

But weakening is increasingly narrowed by the weakening of the Yen, so In today's trading, the price of rubber futures for the most active contract on the Tokyo commodity exchange decreased by 0.1 percent, to 177.8 yen per kilogram.

Analyst estimates that the price movement Tocom rubber futures trading has the potential to rise with despite the weakening of Yen. This commodity has chance to test the resistance level at 183.00 yen and 188.00 yen. Prices will meet support at the level of 173.00 when the price is in the negative territory.

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Tocom rubber price in midday trading on Monday (11/7) ends soared. Prices of natural rubber futures for the most active contract, namely April 2017 helped strengthen weaker yen and rising crude oil prices. USDJPY traded higher 1.3 percent at 104.44.

 

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 increased by 5.2 percent at 187.10 yen per kilogram, an increase compared to the previous closing at 177.80 yen per kilogram. For the next trading session price is expected to meet the resistance at 192.00 yen and as high as 197.00 yen.

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Natural rubber prices on Tocom futures trade on Wednesday afternoon (09/11) ended down. Weakening Tocom rubber prices triggered a strong yen and weakening crude oil. USDJPY pair fell 2.4 percent rate at 102.62.

 

The strengthening of the yen occurred after US dollar weakened with the prevailing Donald Trump in the US Presidential election vote counting. 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 2017 Aptil ended lower by -1.5 yen or -0.8 percent to 188.3 yen per kilogram, down from its previous close at 189, 8 yen per kilogram.

 

Analysts estimate that the price movement Tocom rubber futures at the next trade is potentially affected by the natural pressure of the potential strengthening Japanese yen. It also has chance to test the support level at 153.00 yen and 148.00 yen. Prices will meet resistance at the level of 163.00 and 168.00 yen if the price reverses into positive territory.

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Tocom rubber prices on Thursday afternoon (10/11) ends soared. Prices of natural rubber futures for the most active contract, namely March 2017 rose surge pushed the Tokyo stock exchange. The Nikkei index at the Tokyo Stock Exchange moves surged in afternoon trading, jumped nearly 7 percent after investors digested the election of Donald Trump as president.

Natural rubber prices in Tocom for the most active contract, namely April 2017 increased by 10.3 yen or 5.5 percent at 198.60 yen per kilogram, an increase compared to the previous closing at 188.30 yen per kilogram.

Tocom rubber price movement at the next trade potentially strengthened by the rise in Japanese stocks and crude oil prices. Prices are expected to meet the resistance level at 204.00 yen. No further resistance at 209.00 yen. Meanwhile if the price drops will find support at 194.00 yen and 189.00 yen.

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Tocom rubber price in trading on Friday afternoon (11/11) finished up. Prices of natural rubber futures for the most active contract, namely April 2017 rose compelled strengthening of the Tokyo stock exchange.

Japan's Nikkei index rose to a peak of nine months in trade on Friday which supported the positive performance of the financial sector triggered by higher yields on Japan, and after US stocks rose on hopes that President-elect Donald Trump policy to boost growth.

Natural rubber prices in Tocom for the most active contract is for the contract April 2017 this afternoon finished up by 6.9 yen or 3.5 percent at 205.50 yen per kilogram, an increase compared to the previous closing at 198.60 yen per kilogram.

Tocom rubber price movement at the next trade potentially strengthened by the rise in Japanese stocks. Prices are expected to meet resistance at 210.50 yen. No further resistance at 215.50 yen. Meanwhile if the price drops will find support at 200.50 yen and 195.50 yen.

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Tocom rubber prices in trading Tuesday afternoon (15/11) was observed to rise. Prices of natural rubber futures for the most active contract, namely April 2017 rose helped by rising crude oil prices. Crude oil prices rose about 2 percent in Asian trade on Tuesday move away from multi-month lows the previous day, pushed higher by expectations of lower production of shale and new optimism that OPEC will succeed in cutting production.

 

The increase in crude oil prices make the synthetic rubber production cost becomes more expensive. The impact demand for commodities like natural rubber is traded on Tocom has increased significantly. It was observed rose by 7.8 yen or 3.9 percent at 205.50 yen per kilogram, an increase compared to the previous closing at 197.70 yen per kilogram.

 

Analyst estimates that Tocom rubber price movement in trading the potential to strengthen further limited by the potential increase in crude oil. Prices are expected to meet the level of resistance at 210.00 yen positions and further resistance at 215.00 yen.

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Natural rubber prices traded on Friday afternoon (18/11) and fell down. The weakening of rubber prices eroded by a drop in crude prices. Crude oil prices fell in Asian trade Friday afternoon (18/11) stressed the strengthening US dollar beat expectations OPEC production cut deal.

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 dipped by 1.70 percent, to 209.5 yen per kilogram, down from its previous close on 213 , 1 yen per kilogram.

Tocom rubber futures price movements in the next session trading potentially weakening 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 futures exchange will test the support level at 204.00 yen and 199.00 yen.

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Tocom rubber prices on the trading session Monday afternoon (21/11) ends soared. Prices of natural rubber futures for the most active contract, namely April 2017 helped strengthen weaker yen and rising crude oil prices.

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.

Natural rubber prices in Tocom for the most active contract, on April 2017 increased by 14.6 yen or 7.0 percent at 224.10 yen per kilogram, an increase compared to the previous closing at 209.50 yen per kilogram. Analyst estimates that Tocom rubber price on the next trading day may still appreciate since Yen is getting weaker and the rising crude oil support it.

For the next trading session price is expected to meet the level of resistance at 229.00 yen . and if able to break it the price will rise to further resistance at 234.00 yen. Meanwhile if the price suddenly change its stance then it will fall to the support at 219.00 yen and 214.00 yen.

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Tocom rubber prices on the trading session Thursday afternoon (24/11) finished up. Prices of natural rubber futures for the most active contract, namely April 2017 helped to strengthen the yen weakened. USDJPY observed weaken and traded around 112.82.

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. The price increased 9.3 yen or 4.1 percent at 238.80 yen per kilogram, compared to the previous closing at 229.50 yen per kilogram.

Analyst estimates that Tocom rubber price movements on the next trading day may still appreciate the weakening yen. Price resistance at 244.00 yen and further resistance at 249.00 yen. Meanwhile if lower prices will find support at 234.00 yen and 229.00 yen.

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Natural rubber prices Tocom futures trading on Friday afternoon fall down. The weakening of rubber prices eroded by the drop in crude prices. Crude oil prices move weaker in Asian trade ddue to uncertainty ahead of a planned OPEC production cuts and thin liquidity following the Thanksgiving holiday.

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 price futures for the most active contract is a contract in April 2017 fall down by 1.30 percent, to 235.6 yen per kilogram.

Analyst estimates that the price movement on the Tocom rubber futures trading 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. Rubber price may test the support level at 231.00 yen and 226.00 yen.

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Tocom rubber prices in the afternoon trading session on Monday finished up. Prices of natural rubber futures for the most active contract, namely April 2017 rose compelled to higher income of Chinese industry.

Profit growth in the industrial sector of China rose in October, helped by strong sales and higher prices, suggesting a further strengthening of the second largest economy in the world, although the growth was skewed toward heavy industry with high pollution.

Chinese industrial profits rising expectations of increased demand for commodities provide Tocom rubber in China and Natural rubber prices in Tocom for the most active contract, rise by 2.7 percent at 243.30 yen per kilogram, an increase compared to the previous closing at 236.90 yen per kilogram.

Tocom rubber price movements on the next trading day may still appreciate the increase in Chinese industrial company profits. For the next trading session price is expected to meet the resistance level at 248.00 yen . With the breakout the price may rise to resistance at 253.00 yen.

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Natural rubber prices Tocom futures trading on Tuesday afternoon (29/11) ended down. The weakening of rubber prices eroded Tocom drop in crude prices. Crude oil prices fell in Asian trade on Tuesday (29/11) amid doubts that OPEC producers will be able to complete the decline in production during a meeting on Wednesday to control the excess global supply and support 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 fell by 1.40 percent, to 239.9 yen per kilogram, down from its previous close on 243.3 yen per kilogram.

Commodity prices Tocom rubber futures exchange will test the support level at 235.00 yen and 230.00 yen. Prices will meet resistance at the level of 245.00 and 250.00 yen if the price is in positive territory.

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Tocom Natural rubber prices trade on Wednesday afternoon falling down. Weakening Tocom rubber price slump dampened by China's consumer optimism. The Westpac Consumer Sentiment Indicator MNI China slipped back in November, dropping 1.9% to 114.9 from 117.1 in October. This decline following an increase promised in the previous two months that began as a rebound from the lows affected by the weather in August, according to the release on Wednesday.

The decline of the Chinese consumer optimism has prompted concern weakening demand from China. So on today's trading, the price of rubber futures for the most active contract , namely contract in May 2017 declined by 12.1 yen to 227.8 yen per kilogram.

Analyst estimates that the price movement of Tocom rubber futures trading next session potentially weakened by the decline of the Chinese consumer optimism. But also need to be observed Yen movements that can affect the price of rubber Tocom.

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Tocom rubber prices on Thursday afternoon finished up. Prices of natural rubber futures for the most active contract, namely in May 2017 ended up helped by rising crude oil prices.

Crude oil prices continue to strengthen in Asian trade on Thursday (01/12), after OPEC and Russia agreed to cut crude oil production to revive prices, but analysts warned prices could recede as other manufacturers stand to fill the gap.

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 observed to rise by 3.0 percent at 234.90 yen per kilogram.

It seems that analystestimates that Tocom rubber price movement in trading the potential to strengthen further limited by the potential increase in crude oil. However, if oil prices weaken, it should be observed that a strong yen could depress prices.

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Natural rubber prices Tocom futures trading on Friday afternoon observed fall down. The weakening of rubber prices eroded Tocom drop in crude prices. Crude oil prices slipped on Asia session as investors took profit after Brent touched 16-month highs on Thursday. Likewise, the OPEC-Russia agreement on the reduction of production raises the question of how implementation of the agreement.

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.So the price of rubber futures for the most active contract on May 2017 moved down by 2.20 percent, to 229.8 yen per kilogram.

Many analysts estimate that the price movement on the Tocom rubber futures trading next session will weaken the potential weakening of crude oil that can push prices of Tocom rubber. But also need to be observed the Yen movements that can affect the price of rubber Tocom.

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Tocom rubber prices in trading Monday afternoon (12.05) finished up. Prices of natural rubber futures for the most active contract, namely in May 2017 ended up driven rise in rubber prices on the Shanghai stock exchange. The most active rubber contract on the Shanghai futures exchange for May delivery rose 140 yuan to 17 990 yuan ($ 2,613.7) per ton in trading Friday night.

Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 7.5 percent from the previous week, the exchange said on Friday. Natural rubber prices in Tocom for the most active contract increased by 4.35 percent at 239.70 yen per kilogram, an increase compared to the previous closing at 229.70 yen per kilogram.

Prices are expected to meet the level of resistance at 245.00 yen. No further resistance at 250.00 yen. Meanwhile if the price drops or failed to touch that lowest line will find support between 235.00 yen and 230.00 yen.

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Tocom rubber prices in trading Tuesday afternoon (06/12) finished up. Prices of natural rubber futures for the most active contract, namely in May 2017 ended up back driven rise in rubber prices on the Shanghai stock exchange. The most active rubber contract on the Shanghai futures exchange for May delivery SNRcv1 end the overnight trade, rising 2.3 percent.

Rubber market on Asia session has been supported by a significant decline in the Japanese yen and the Chinese yuan against the dollar recently, which makes the yen and yuan-currency commodities cheaper for holders of other currencies.

Natural rubber prices in Tocom for the most active contract, increased by 0.7 yen or 0.3 percent at 240.40 yen per kilogram. Prices are expected to meet the resistance at 245.00 yen. No further resistance at 250.00 yen. Meanwhile if the price drops will find support between 235.00 yen and 230.00 yen.

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Tocom rubber price in midday trading today (12/7) ended up. Prices of natural rubber futures for the most active contract, namely in May 2017 helped to strengthen by Yen's weakening. It is observed that Yen weakened and USDJPY rose about 0.3 percent at 114.33.

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 increased by 2.4 yen or 1.0 percent at 242.80 yen per kilogram, an increase compared to the previous closing at 240.40 yen per kilogram.

Analysts estimate that Tocom rubber price movements on the next trading day may still appreciate by the weakening yen. It is expected to meet resistance level at 248.00 yen. If there is no further resistance it may rise to 253.00 yen. Meanwhile if lower prices will find support between 238.00 yen and 233.00 yen.

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Tocom rubber prices on the trading session Friday afternoon finished up. Prices of natural rubber futures for the most active contract, namely in May 2017 helped by weaker yen and rising crude oil prices. Observed USDJPY traded up 0.3 percent at 114.40.

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.

Natural rubber prices in Tocom for the most active contract, jumped by 5.0 yen or 2.1 percent at 245.40 yen per kilogram. For the next trading session price is expected to meet the level of resistance at 250.00 yen. No further resistance at 255.00 yen. Meanwhile if lower prices will find support between 240.00 yen and 235.00 yen.

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Tocom rubber prices on the trading session Tuesday afternoon was observed to rise. Prices of natural rubber futures for the most active contract, namely in May 2017 helped to strengthen the yen weakened. USDJPY traded up 0.1 percent at 115.13.

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 observed rise by 1.7 yen or 0.7 percent at 257.70 yen per kilogram, an increase compared to the previous closing at 256.00 yen per kilogram.

Analysts estimate 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 resistance level at 263.00 yen positions. and further resistance at 268.00 yen.

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Tocom rubber prices on the trading session Thursday afternoon (15/12) finished up. Prices of natural rubber futures for the most active contract, namely in May 2017 helped to strengthen the yen weakened. USDJPY currency traded up 0.6 percent at 117.69.

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, which is May 2017 this afternoon observed to rise by 9.9 yen or 3.6 percent at 282.20 yen per kilogram, an increase compared to the previous closing at 272.30 yen per kilogram.

Tocom rubber price movements on the next trading day may still appreciate by the weakening yen. For the next trading session price is expected to meet the resistance at 287.00. No further resistance will bring the price towards 292.00 yen.

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Tocom rubber price in trading on Friday afternoon (16/12) to rise. Prices of natural rubber futures for the most active contract, namely in May 2017 ended up helped by rising crude oil prices. Crude oil prices rose on Asia session on Friday after market source said Kuwait has been telling customers to cut supply by more than expected in January as part of a coordinated effort by the oil producers reduce global glut.

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 which is May 2017 was observed to rise by 0.7 yen or 0.2 percent at 282.90 yen per kilogram, an increase compared to the previous closing at 282.20 yen per kilogram.

Analysts estimated that Tocom rubber price movement in trading the potential to strengthen further limited by the potential increase in crude oil. However, it should be observed Yen which are moving higher, which if it continues rising could depress prices.

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Natural rubber prices Tocom futures trading on Tuesday afternoon ends plummeted. Weakening Tocom rubber prices triggered profit taking towards the end of the year following an increase of three-year highs reached last week.

Tocom rubber contract has climbed to three-year highs last week as speculators entered the market, according to traders at the time, but little fundamental news has appeared to maintain prices at those levels. In afternoon trading, the price ended lower by -3.5 percent to 266.7 yen per kilogram.

Analysts estimate that the price movement Tocom rubber futures at the next trade potentially affected by a weaker yen rising commodity. The price of Tocom rubber futures exchange will test the resistance level at 272.00 yen and 277.00 yen.

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Natural rubber prices Tocom futures trading on Thursday afternoon (22/12) ended down. The weakening of rubber prices eroded Tocom drop in crude prices. Crude oil prices slipped because dragged down by an unexpected rise in US crude inventories last week and Libyan efforts to increase production over the next few months.

But the price has also been dogged by a weaker US dollar and optimism that crude oil producers will adhere to an agreement to limit production to prop up the market. In today's trading, the price ended in May 2017 fell by 2.30 percent, to 264.8 yen per kilogram, down from its previous close on 271 yen per kilogram.

Many analysts estimates that the price movement on the Tocom 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.

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The price of natural rubber futures trading Tocom on Monday afternoon (26/12) ended down. TOCOM rubber prices triggered weakening the yen's rise. Japanese Yen was observed to strengthening its position and it means USDJPY weakened to 117.13 .

 

The increase in the exchange rate of Yen makes commodities that are traded in these currencies become relatively more expensive for foreign 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 contract which expires in June 2017 was -10.7 yen weakened or -4.0 percent to 255.5 yen per kilogram

 

Analysts view that Tocom rubber futures at the next trade is potentially affected by the natural pressure of the Japanese yen. The price of rubber futures in TOCOM exchanges will test the Support level at 250.00 yen and 245.00 yen.