UPDATE

TECHNICALS FOR NYMEX TRADING JAN 30

MCX FEB NAT GAS

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 220, 216, 213

RESISTANCES ; 225, 228,232

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR JAN 30

MCX FEB NATGAS

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 216, 213, 209

RESISTANCES : 220, 223, 226

STAY SHORT AT RESISTANCES

MARKET BALERT ON JAN 29 THURSDAY 9.05 PM IST

US Natural gas data - 186 Bx=cf

Expected - 170 Bcf

Positive to gas.

UPDATES ON JAN 29 2009

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.

UPDATE

MARKET ALERT

MCX FEB NATURAL GAS ACHIEVED TARGET RS.223.80

, BOOK PROFITS, BUYING ADVISED AT RS. 220 LEVELS.

MARKET ALERT ON JAN 28 7.5 PM IST

MCX Feb Natural gas is expected to test Rs 223.80,

if it sustains above Rs 217.

CMP Rs 220.10.

UPDATES

TECHNICALS FOR NYMEX TRADING JAN 28

MCX FEB NAT GAS

SHORT TERM ; BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 217, 214.20, 211.05

RESISTANCES ; 221, 227, 232

HORT AT RESISTANCES

UPDATES ON JAN 28 2009

JAN 28 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 217 , S2 RS 214.30 , S3 RS 211

R1 RS 222 , R2 RS 236 , R3 RS 231.

STAY SHORT AT RESISTANCE.

UPDATES

TECHNICALS FOR NYMEX TRADING

JAN 27

MCX FEB NAT GAS

SHORT TERM : SIDEWAYS

LONG TERM ; BEARISH

SUPPORTS ; 217, 214.30, 211

RESISTANCES ; 222, 226, 231

WAIT FOR CONFIRMATION

UPDATES

TECHNICALS FOR JAN 27

MCX FEB NATURAL GAS

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS : 218, 214.30,211

RESISTANCES: 224, 228, 233

STAY LOBNG AT SUPPORTS

UPDATES ON JAN 23 2009

JAN 23 FRIDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 223 , S2 RS 220.30 , S3 RS 218

R1 RS 228 , R2 RS 230 , R3 RS 233

Gasoline futures for February delivery was at $1.08 a gallon,

down 1.34 cents, in Nymex trading at 10:11 a.m. Singapore

time. The contract dropped 8.04 cents to $1.0934 a gallon

yesterday, the lowest settlement since Jan. 12. Futures

are up 7.1 percent for the year and are 52 percent lower

than a year ago.

TECHNICALS FOR EVENING TRADE IN NYMEX FOR JAN 22 2009

JAN 22 2009

TRADING LEVELS FOR EVENING NYMEX TRADE

SHORTN TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 232 , S2 RS 228 , S3 RS 225

R1 RS 236 , R2 RS 239 , R3 RS 243

WAIT FOR INVENTORY DATA

UPDATES ON JAN 22 2009

JAN 22 THURSDAY

SHORT TERM TREND :BULLISH

LONG TERM TREND : BEARISH

S1 RS 233 , S2 RS 228 , S3 RS 225

R1 RS 238 , R2 RS 242 , R3 RS 245

STAY LONG AT SUPPORT FOR INTRA DAY.

Gasoline stockpiles rose 1.8 million barrels last week,

according to the survey. Inventories of distillate fuel,

a category that includes heating oil and diesel,

probably increased 500,000 barrels.

TECHNICALS FOR EVENING NYMEX TRADE JAN 21 2009

JAN 21 WEDNESDAY

TRADING LEVELS FOR EVENING NYMEX TRADE

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 227 , S2 RS 223 , S3 RS 220

R1 RS 232 , R2 RS 237 , R3 RS 240

UPDATES ON JAN 21 2009

JAN 21 WEDNESDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 229 , S2 RS 226 , S3 RS 222

R1 RS 234 , R2 RS 237 , R3 RS 240.

STAY LONG AT SUPPORT.

TECHNICALS FOR EVENING NYMEX TRADE JAN 20 2009

JAN 20 TUESDAY

TRADING LEVELS FOR EVENING NYMEX TRADE

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 224 , S2 RS 221 , S3 RS 218

R1 RS 229 , R2 RS 231 , R3 RS 233

STAY SHORT AT RESISTENCE.

UPDATES ON JAN 20 2009

JAN 20 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 230 , S2 RS 227 , S3 RS 225

R1 RS 235 , R2 RS 238 , R3 RS 240.

TECHNICALS FOR EVENING TRADE JAN 19 2009

JAN 19 MONDAY

TRADING LEVELS FOR EVENING TRADE

SHORT TERM TREND :BEARISH

LONG TERM TREND : BEARISH

S1 RS 229 , S2 RS 226 , S3 RS 222

R1 RS 233 , R2 RS 236.50 , R3 RS 239

STAY SHORT AT RESISTENCE.

UPDATES ON JAN 19 2009

JAN 19 MONDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 229 , S2 RS 226 , S3 RS 222

R1 RS 233 , R2 RS 236.50 , R3 RS 239

STAY SHORT AT RESISTENCE.

UPDATES

TECHNICALS FOR JAN 14

MCX JAN NATURAL GAS

SHORT TERM ; BEARISH

LONG TERM ; BEARISH

SUPPORTS : 257, 254, 251

RESISTANCES ; 261, 265, 269

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR JAN 13

MCX JAN NATURAL GAS

SHORT TERM ;BEARISH

LONG TERM: BEARISH

SUPPORTS;273, 269, 265

RESISTANCES :278, 281, 286

STAYSHORTAT RESISTANCES

UPDATES ON JAN 12 2009

JAN 12 MONDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 265 , S2 RS 262 , S3 RS 257

R1 RS 276 , R2 RS 279 , R3 RS 282

STAY SHORT AT RESISTENCE.

UPDATES ON JAN 8 2009

JAN 8 THURSDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 282 , S2 RS 279 , S3 RS 276

R1 RS 288 , R2 RS 291 , R3 RS 294

STAY SHORT AT RESISTENCE.

Gasoline inventories rose 3.33 million barrels to 211.4

million barrels, the department said. Supplies were

forecast to increase by 1 million barrels. Distillate

supplies, which include heating oil and diesel, climbed

1.79 million barrels to 137.8 million barrels. A gain of

1.1 million barrels was forecast.

Refineries operated at 84.6 percent of capacity last week,

up 2.1 percentage points from the week before, the report

showed. Analysts forecast that there would be no change

in utilization.

UPDATES ON JAN 6 2009

JAN 6 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 285 , S2 RS 283 , S3 RS 279

R1 RS 291 , R2 RS 294 , R3 RS 298.

WAIT FOR CONFIRMATION.

UPDATES ON JAN 5 2009

JAN 5 MONDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 288 , S2 RS 285 , S3 RS 281

R1 RS 294 , 2 RS 297 , R3 RS 301

STAY LONG AT SUPPORT.

UPDATES

TECHNICALS FOR NYMEX TRADING

JAN 2

MCX JAN NAT GAS

SHORT TERM ; BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 271.50, 267, 263

RESISTANCES ; 274, 277, 280

STAY SHORT AT RESISTANCES

UPDATES ON JAN 2 2009

JAN 2 FRIDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 333.30 , S2 RS 329.50 , S3 RS 326

R1 RS 339 , R2 RS 342 , R3 RS 345

WAIT FOR CONFIRMATION.