Tokyo rubber futures fell more than 1 percent on Monday as weakness in other commodities dampened sentiment towards rubber, which also hurt the technical trend, prompting investors to take profits. Benchmark Tokyo Commodity Exchange rubber for April delivery was trading at 215.6 yen per kg, down 3.7 yen or 1.69 percent from Friday's close of 219.3 yen.
The April contract opened at 216.5 yen. Profit-taking pressure increased after rubber posted strong gains in recent sessions, while commodities prices were generally on the defensive on Monday, with key TOCOM gold down about 0.7 percent in trade. On charts, the key rubber contract is seen supported at its 7-day moving average around 215 yen. But a decisive drop below that could pave the way for it to fall towards 200.6 yen, which was a low reached on September 25.