Natural rubber prices futures Tocom in morning trading Friday (18/12) monitored down. Tocom rubber prices drop back occurs because the extension of world crude oil prices tumble in Asian trade this morning.
Crude oil prices fell at the close of trading on Friday nightfall (18/12), because the data showed that the supply of fresh rose at the point of delivery to U.S. crude futures, adding to concerns about the global supply is filled with crude oil. The price of crude oil WTI located on 34,95 dollars per barrel, down 1.6 percent, or 57 cents. Brent crude oil prices, guidelines global crude oil, down 39 cents on 37 dollars per barrel.
While in Asian trading session this morning, the price of crude oil WTI back continue to decline. The price of WTI crude oil futures fell 18 cents to $ 34,77 per barrel. While Brent oil prices fell 19 cents to $ 36,87 per barrel. Oil prices are still in the middle of the worries about is filled with global.
In morning trading, the price of rubber futures contract for the most active on the Tokyo Commodity Exchange namely the contract May 2016 monitored by -1,3 lower yen become 162,1 yen per kilogram, down from the previous close on 163,4 yen per kilogram.
Yess News estimates that the movement of the price of rubber futures on Tocom next trade still potentially experience the pressure influenced by sentiment slump in crude oil prices world. Also important to note the movement of the exchange rate Japanese yen. Both the indicator is the most influential factor to movement of natural rubber prices Tocom.
Rubber commodity prices in stock futures Tocom will test the level support in yen and yen 152,00 157,00. Prices will meet Resistance at the level of 167,00 and 172,00 yen if prices turned into positive territory.
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