JAN 29 THURSDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 214 , S2 RS 212 , S3 RS 209.50
R1 RS 218.60 , R2 RS 220 , R3 RS 223
STAY SHORT AT RESISTANCE.
Gasoline supplies fell 121,000 barrels to 219.9 million
barrels last week, the Energy Department said today.
Inventories were forecast to climb 2 million barrels,
according to the median estimate in a Bloomberg News
survey. Fuels also rose as stocks gained on President
Barack Obama’s plans to bolster the economy.
Gasoline futures for February delivery rose 7.5 cents, or
6.8 percent, to $1.1835 a gallon in New York, the highest
settlement since Jan. 6. It was the biggest one-day
increase since Dec. 31. Heating oil for February increased
4.7 cents, or 3.4 percent, to end the session at $1.4215
a gallon.
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