Rubber May Gain to Highest Since September: Technical Analysis
This article is for subscribers only.
Rubber may extend a recovery from a two-year low to the highest level since September, according to technical analysis by research company JSC Corp.
The 25-day moving average for the most-active contract on the Tokyo Commodity Exchange climbed above its 50-day moving average this month for the first time since August, signaling that the medium-term downtrend is over, said Takaki Shigemoto, an analyst at the Tokyo-based company.