Rubber yesterday traded with the negative node and settled -0.36% down at 19750 but losses got limited as prices in overseas climbed to the highest level in almost a month as Thai cash prices hit a record on tight supply and as a rally in metals raised speculation the economic recovery will boost demand for industrial commoditiesRubber production in Thailand will fall by about 30,000 tonnes a year for the next six years because of damage from floods, an agriculture official said recently. In yesterday's trading session Rubber has touched the low of 19725 after opening at 19930, and finally settled at 19750. For today's session market is looking to take support at 19667, a break below could see a test of 19583 and where as resistance is now likely to be seen at 19892, a move above could see prices testing 20033.

Trading Ideas:

Rubber trading range is 19583-20033.

Rubber ended weak but losses got limited as prices in overseas climbed

Rubber daily stocks at Shanghai exchange came up by 365 tonnes.

Spread between Rubber DEC & JAN contracts yesterday ended at 280.00. Spread yesterday traded in the range of 275 to 345.

NMCE accredited warehouses Rubber stock rosed by 56kgs to 3290kgs.