Global Commodities Alternative Data and Insights

Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

CEO, Helixtap

Farah Miller

Commodities

<ul><li>Sellers heave a sigh of relief with prices stable today(08 Sep) Sellers finally got a break from the downward momentum in prices today, with spot rubber market trading at almost the same levels as yesterday.  Roll of the dice: Support level or Short Seller Covering?Chinese traders were rumoured to be short covering after almost 2 weeks of sharp drops.</li><li>This is in line with Helixtap’s technical analysis of the support level at 1,250 USD/MT.</li><li>This movement looked like people “cashing out” before the support levels.</li></ul>

Sellers heave a sigh of relief with prices stable today(08 Sep) Sellers finally got a break from the downward momentum in prices today, with spot rubber market trading at almost the same levels as yesterday.  Roll of the dice: Support level or Short Seller Covering?Chinese traders were rumoured to be short covering after almost 2 weeks of sharp drops.This is in line with Helixtap’s technical analysis of the support level at 1,250 USD/MT.This movement looked like people “cashing out” before the support levels.

Sellers Heave A Sigh Of Relief With Prices Stable Today

SGX Rubber Future TSR20

Sellers Heave A Sigh Of Relief With Prices Stable Today