AUG 20 WEDNESDAY
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BEARISH
S1 RS 350.60 , S2 RS 341
R1 RS 356, R2 RS 360
WAIT FOR CONFIRMATION
U.S. supplies of gasoline probably fell 3 million barrels last week
from 202.8 million barrels the previous week, according to
the median of 13 responses in a Bloomberg News survey
of analysts. The Energy Department is scheduled to
release the report at 10:35 a.m. in Washington.
Gasoline for September delivery rose 1.81 cents, or
0.6 percent, to $2.8820 a gallon on the Nymex at
11:15 a.m. Singapore time. It rose 4.87 cents, or
1.7 percent, yesterday to settle at $2.8639 a gallon
in New York. Futures reached a record $3.631 a
gallon on July 11.
Inventories of crude oil probably rose 1.05 million barrels in
the week ended Aug. 15, the survey showed. Stockpiles
of distillate fuel, including heating oil and diesel, probably
gained 1 million barrels.
No comments:
Post a Comment