21.7.16

[ Rubber SHFE ] Natural Rubber In Uptrend Now

SHFE Rubber Delivery Sept 2016

  • Many biggest rubber exporters from Thailand, Indonesia and Malaysia cut shipments to boost prices.
  • The economic growth in China is stronger, strengthen the demand of Natural Rubber.
  • Thailand buy rubber from growers with higher than market price
Rubber Technical Analysis:
  • RSI is rising to 60 level
  • The contract volume is higher three time
  • The chart pattern is higher bottom
Strategy Suggestion: Strong BUY (Long)