Rubber July futures on NMCE ended the last day down by Rs 102 or 0.54% at Rs 18750 after moving in the range of Rs 18800-18650 per quintal. Rubber futures pared the previous sessions gains as the global market eased from the high. Domestic rubber futures are expected to open lower on the back of weak global cues. TOCOM rubber futures slipped further in the early trading session on Wednesday with most active November contract currently quotes at 249.8 yen / kilogram, down by 1.7 yen / kilogram, after moving in the range of 253.4- 248.3 yen / kilogram. Malaysian SMR 20 spot rubber quotes at 292.05 US Cents/Kg against 292.80 Cents/Kg. Technically, the Rubber July contract on NMCE is likely to find support at Rs 18640, Rs 18350 and resistance at Rs 18873, Rs 19010 per quintal.
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