Rubber yesterday traded with the negative node and settled -0.01% down at 22590. Natural rubber, which has beaten other commodities this year, may extend a record rally as rains cut supply, compounding a seasonal output drop, while climbing car sales boost demand, according to analysts and fund managers. In yesterday's trading session Rubber has touched the low of 22499 after opening at
22410, and finally settled at 22590. For today's session market is looking to take support at 22501, a break below could see a test of 22413 and where as resistance is now likely to be seen at 22676, a move above could see prices testing 22763.

Trading Ideas:

Rubber trading range is 22413-22763.

Rubber may extend a record rally as rains cut supply, compounding a seasonal output drop

Rubber daily stocks at Shanghai exchange came down by 40 tonnes

Spread between Rubber FEB & MAR contracts yesterday ended at 559.00. Spread yesterday traded in the range of 190 to 576.

BUY RUBBER FEB @ 22400-450 SL 22100 TGT 22650-22780.NMCE

NMCE accredited warehouses Rubber stock rosed by 371kgs to 9243kgs.