Rubber May Extend Rally After Golden Cross: Technical Analysis
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Rubber may extend a rally to the highest level since April after forming a so-called golden-cross pattern this month, according to technical analysis by research company JSC Corp. in Tokyo.
The 50-day moving average on the Tokyo Commodity Exchange surpassed the 200-day average this month after climbing above the 150-day average in November, signaling upward momentum is accelerating, said analyst Takaki Shigemoto.