NOV 12 WEDNESDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 328 , S2 RS 324
R1 RS 334 , R2 RS 337
SELL AT RESISTENCE.
Gasoline stockpiles probably increased 200,000
barrels from 196.1 million barrels the week before,
according to the survey. Supplies of distillate fuel,
a category that includes heating oil and diesel, rose
1 million barrels from 127.8 barrels the week before,
the survey showed.
Analyst fell Natural gas holds on positive tone
in spite of oil prices declined with heavy selling
pressure yesterday.
Natural gas prices are targeted at $ 8.04/mm BTU
target level in the short term.
Prices can trade above $ 7.70 that is Rs 336.10 / mm BTU
level today and then intraday buying is likely
to emerge to hit target $ 7.75 that is Rs 366.5 /mm BTU
levels.
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