Tuesday, September 30, 2008

UPDATES ON SEPT 30 2008

SEPT 30 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 341 , S2 RS 337

R1 RS 348 , R2 RS 352

STAY SHORT AT HIGHS.

Gasoline for October delivery rose as much as 1.63 cents, or

0.7 percent, to $2.4133 a gallon in New York after the

biggest drop yesterday since the ethanol-based contract

began trading in October 2005.

Heating oil was at $2.7550 a gallon, down 0.54 cent, after

dropping 7.8 percent to $2.7604 a gallon yesterday.

U.S. fuel demand averaged 19.5 million barrels a day in

the four weeks ended Sept. 19, the lowest since October

2003, according to Energy Department data.

The dollar strengthened to $1.4383 per euro at 3:04 p.m.

Singapore time. It gained 1.2 percent yesterday to

$1.4434 per euro and the pound lost 1.8 percent to

$1.8115.

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