Rubber rose due to the news on flooding in Malaysia, anticipation and supply worries, but profit-taking capped gains. Concerns over worsening supply shortage still boost the sentiment as demand remains robust, while supply may demand further as rubber trees are entering leave-shedding season, lowering output. Natural-rubber consumption in China may rise 9 percent to 3.6 million tons this year and India's consumption may gain 5.2 percent to
991,000 tons, according to the Association of Natural Rubber Producing Countries.

Rubber yesterday traded with the positive node and settled 1.11% up at 23825. In yesterday's trading session Rubber has touched the low of 23450 after opening at 23690, and finally settled at 23825. For today's session market is looking to take support at 23558, a break below could see a test of 23292 and where as resistance is now likely to be seen at 23983, a move above could see prices testing 24142.

Trading Ideas: Rubber trading range is 23292-24142. Rubber rose due to the news on flooding in Malaysia, anticipation and supply worries. Concerns over worsening supply shortage still boost the sentiment as demand remains robust Spread between Rubber FEB & MAR contracts yesterday ended at 544.00. Spread yesterday traded in the range of 400 to 574. NMCE accredited warehouses Rubber stock rosed by 177kgs to 11523kgs.