Can it be a new high ?

Updated Price Trend & Analysis as of March 5, 2008

Direction :   Down to Y300.

Technical Graph :  Price moves down to Y302 in the morning before turning to Y306.  However, price cannot stand firm and slides down to Y303.  During the day the selling power is quite strong and not enough buying power to support the price level like in the morning.  It is expected that the selling wave is overwhelming continually and would pressure the price down to Y300.

 Tips :  Select to sell.

Fundamental Rubber Price Trend & Analysis

Supply & Demand :   The rubber price in Thailand's Hat Yai Market is fluctuating.  In the afternoon, price drops down because there is only a few rubber supply coming to the market that would not lure the buyers to bid.  By the way, the price is at the high level due to the decreasing supply quantity while there is an interested demand from European and U.S. Tyre Producers.

Factors :  A tug-of-war between buyers and sellers in the market would still continue.  As long as the buyers' stocks still last, the price could remain this level of roof and the sellers would hold firm the remaining stock for speculation at higher price.  Whenever, there is a clear sign for a big buy from the big buyers, the expectation phenomenon may happen that some sellers would realize the profit at high level.  If the sellers hold fast together well enough, there should not be a panic to sell.