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Technical Outlook : AFET Rubber closed at the limit down at 45.50 Baht/Kg or lower by 3.00 Baht/Kg for Jul 09, with 656 contracts traded for all months. The major market factors, the result of OPEC meeting together with “weaker” U.S. dollar, have direct “negative” impact to rubber price. However, the rubber price is at the “lowest” since 2005. Therefore, investors could seek this opportunity if price slides down a bit further. |