AUG 22 FRIDAY
SHORT TERM TREND : BULLISH
LONG TERM TREND : BEARISH
S1 RS 361, S2 RS 357
R1 RS 368 , R2 RS 373
BUY AT RS 361.50 TO 361
STOP LOSS RS 357
TARGET RS 368
Crude oil is headed for its biggest weekly increase in
more than two months after rising almost 5 percent
yesterday as the dollar slumped, prompting
investors to buy commodities.
The dollar traded at $1.4866 per euro at 11:24 a.m. in
Singapore. It dropped 1 percent yesterday and touched
$1.4903, the weakest level since Aug. 14 and the biggest
fall since June. The dollar has risen 4.8 percent versus the
euro in August, which would be the biggest monthly
gain since May 2001.
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