Rubber yesterday traded with the positive node and settled 1.8% up at 21245 as rain curbed output in Thailand, the top exporter, and on speculation China may delay raising interest rates, helping demand. The cash Thai price surged to an all-time high. Persistent rains across Thailand, Indonesia and Malaysia, the top three producers, have disrupted tapping and lowered output as rising car sales in China and India boost demand. Unfavorable weather conditions prompted buyers from China, India and Japan to accelerate purchases to secure supplies. In yesterday's trading session Rubber has touched the low of 21025 after opening at 20940, and finally settled at 21245. For today's session market is looking to take support at 21098, a break below could see a test of 20951 and where as resistance is now likely to be seen at 21319, a move above could see prices testing 21393.

Trading Ideas:

Rubber trading range is 20951-21393.

Rubber ended higher as rain curbed output in Thailand

In Bangkok, Thailand, the world's biggest producer, price was 217 rupees (4.78) per kg.

Spread between Rubber JAN & FEB contracts yesterday ended at 442.00. Spread yesterday traded in the range of 374 to 459.

NMCE accredited warehouses Rubber stock rosed by 86kgs to 4524kgs.