MTECHTIPS:Rubber has Support around Rs 16150-16040

Mtechtips has come out with its report on Rubber. According to the research firm, it has Support at around Rs 16150-16040 and Resistance at Rs 16400-16500.Inability to clear the resistance at 16500 saw prices edging lower in the previous session. Prices are currently hovering near the falling trend channel resistance and require breaking and sustaining the same for further upsides. Unsuccessful attempts to clear the same may call for turn-lower towards 16150 or more to 16040-15700 regions.



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