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Tuesday, September 23, 2008

UPDATS ON SEPT 23 2008

SEPT 23 TUESDAY



SHORT TERM TREND : SIDEWAYS



LONG TERM TREND : BEARISH



S1 RS 354, S2 RS 348



R1 RS 361 , R2 RS 368



WAIT FOR CONFIRMATION.



Gasoline for October delivery fell 0.58 cent to $2.6980 a



gallon in New York. Yesterday, it jumped 10.41 cents, or



4 percent, to settle at $2.7038 a gallon in New York.



U.S. crude-oil and fuel inventories probably declined last week


because production platforms, refineries and ports along the



Gulf of Mexico were shut in the aftermath of hurricanes



Gustav and Ike, a Bloomberg News survey of analysts



showed.



Gasoline stockpiles probably declined 3.6 million barrels from



184.6 million barrels the week before, the survey showed.







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