AUG 21 THURSDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 355 , S2 RS 351
R1 RS 362, R2 RS 365
SELL AT RS 361.50 TO 362
STOP LOSS RS 365
TARGET RS 355
Oil Gains a Third Day on U.S.-Russia Tensions, Gasoline Supply .
Gasoline demand in the U.S. peaks during the summer,
when Americans take to the highways for vacations. The
so-called driving season lasts from the Memorial Day
weekend in late May to Labor Day in early September.
U.S. fuel demand averaged 20.2 million barrels a day
during the past four weeks, down 3 percent from a
year earlier, the department said. Gasoline
consumption averaged 9.46 million barrels a day
over the period, down 1.6 percent.
Refineries operated at 85.7 percent of capacity in the
week ended Aug. 15, down 0.2 percentage point from
the week before and the lowest since the week ended
May 2, the report showed.
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