Rubber price will increase
Here are some recent information that can increase rubber price tomorrow:
The ongoing war in Ukraine: The war has disrupted the global rubber market, as Russia and Ukraine are both major producers of rubber. The war has also caused uncertainty in the market, which could lead to volatility in ru
TSR 20 OCTOBER SICOM BULLISH TREND4 hrs CS showed movement with 3 continuous of Bullish Engulfin means strong movement for an uptrend. Breaking the EMA 100 and EMA 200 with a strong CS is also a sign of trend change from a bearish to a bullish trend with continuous movement.
TSR20 LOOKING FORWARD FOR BULLISH IF BREAK THE ZONEThe time frame daily will be the indicator for the break zone for TSR20 Sicom April price. At the same time please look at the strength of DXY/USD if the DXY become a stronger possibility is again bearish. This Month 23rd Feb 3.00 am (Wib) watch out for the FED FOMC meeting.
STRONG SUPPORT HOLDING THE PRICE TO DOWN TRENDAs previously updated, the strong support still holds preventing the price from going down. As my prediction,
this will be sideways until the FOMC Result this coming Thursday. The FOMC will determine which path of direction up trend or down trend.
WEEKLY LOW BB TARGET OF DOWN TREND Predict to go until Low BB weekly then will bounce back due to the weakness of USD. Expected there will be sideways movement on next week on USD that will prevent the TSR20 price to go lower.
Break out zone will be the tested area whether it will continue up trend if fail to break then it will again
SUPPORT BECAME RESISTENCE(SBR) & NEW SUPPORT TARGETEDMeet my expectation of movement tested the support, break out went to Low BB, and now the Low BB line open little more to downtrend.
And starting today if the US DXY currency continues to strengthen the Rubber Price will continue target to the next D1 Fresh Strong Support. If the US Currency at side
BREAKOUT OF SUPPORT WILL LEAD TO LOWER BB@130CS moving toward the continuation of the downtrend. Break out support the dot lines will continue dropping estimate to lower BB at 130.50.
D1 Support is strong support it will be pullback for some time before it again tests the support, a strong uptrend in USD will give an opportunity
to break the
CANNOT BREAK THE MID BB PULLBACK TO LOW BB FOR TSR20 TSR20 was expected to do a pullback due to the correlation between the strong USD and the weak gold.
The pullback is expected to reach the low BB because as normal or standard analysis once the CS reach the mid-BB
and cannot break it it will go back to Low BB. However, it depends on the current econ
CONTINUATION DOWNTREND TSR 20 AS PREDICTED FROM LAST WEEKTarget to reach at Low BB at W1 with USD 142.00 KG Dry price for October Sales.
Strong Shooting Star from seller makes a continuation Candle Stick to break support at D1
and as closing today it was at USD 143.70
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Frequently Asked Questions
The nearest expiration date for SGX SICOM TSR20 Futures is Jul 30, 2020.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell SGX SICOM TSR20 Futures before Jul 30, 2020.