A dedicated space to discuss about Rubber futures contracts, which is scheduled to go live on December 28, 2020 (Monday). Let us keep this thread lively and talk about several aspects relating to Rubber futures such as contract details, intraday levels, trading ideas, support & resistance levels, F&O contracts, open interest, etc. Please ensure to exchanging ideas, info, and opinions only. Avoid posting any tips or unsolicited advice here.
To learn basics about Rubber and its futures contract on the MCX, watch this video
https://www.youtube.com/watch?v=o1WrZ4-FpBY
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The chart below shows the trend of the RSS4 grade Natural Rubber spot price over the past three years
This is a chart showing the Year-to-Date performance of Rubber futures on the Tokyo Commodity Exchange, aka TOCOM.
After the early year plunge, rubber prices have more than doubled in value, boosted by strong demand from China and supply-side issues in Thailand.
Since November, the price has been consolidating within a triangle pattern.
TOCOM Rubber is breaking below a contracting triangle pattern. This breakdown also coincides with a smaller bearish H&S break. Sustainability below 226 could lead to near-term price correction.
