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Tocom RSS3 rubber futures are higher,
taking cues from gains in Shanghai rubber after the opening; prices are moving
in a tight Y217.8-Y220.2/kg range and is now testing key resistance at Y220/kg.
A trader in Thailand says Tocom is likely to move in range today amid a lack of
strong cues and on fading optimism from price-support measures introduced by
major producing countries;
"there are still many bears who are looking to
depress prices in the market." Benchmark January rubber trades Y1.2 higher at
Y219.8/kg.
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