Rubber yesterday traded with the positive node and settled 1.54% up at 20830 as warnings about fresh rounds of heavy rainfall in Thailand raised supply concerns. The warning about rainfall prompted investors to buy the commodity on concerns that production may fall further. Natural rubber shipments from Indonesia, the largest grower after Thailand, may rise 6 percent to 8 percent next year on strong demand from India and China. In yesterday's trading session Rubber has touched the low of 20500 after opening at 20590, and finally settled at 20830. For today's session market is looking to take support at 20600, a break below could see a test of 20370 and where as resistance is now likely to be seen at 20960, a move above could see prices testing 21090.

Trading Ideas:

Rubber trading range is 20365-21085.

Rubber ended higher as warnings about fresh rounds of heavy rainfall in Thailand raised supply concerns

Rubber daily stocks at Shanghai exchange came up by 340 tonnes.

Spread between Rubber JAN & FEB contracts yesterday ended at 354.00. Spread yesterday traded in the range of 85 to 366.

NMCE accredited warehouses Rubber stock rosed by 152kgs to 4120kgs.