Rubber yesterday traded with the positive node and settled 1.21% up at 23174 as rising demand, led by China, boosted speculation that global consumption will outpace supplies that have been curbed by persistent rain in producing nations. Rubber may extend its rally as the rains reduce supply, compounding a seasonal drop in output, while car sales boost demand.  Thai output during the leaf-shedding season, which runs from the end of February until May, drops as much as 60 percent from peak levels, the Association of Natural Rubber Producing Countries said in December.  In yesterday's trading session Rubber has touched the low of 22740 after opening at 22410, and finally settled at 23174. For today's session market is looking to take support at 22879, a break below could see a test of 22585 and where as resistance is now likely to be seen at 23329, a move above could see prices testing 23485.

Trading Ideas:

Rubber trading range is 22585-23485.

Rubber gained on rising demand boosted speculation that global consumption will outpace supplies.

Rubber daily stocks at Shanghai exchange came down by 50 tonnes

Spread between Rubber FEB & MAR contracts yesterday ended at 525.00. Spread yesterday traded in the range of 470 to 990.

NMCE accredited warehouses Rubber stock rosed by 78kgs to 9926kgs.