OCT 14 TUESDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARSH
S1 RS 320 , S2 RS 316
R1 RS 326 , R2 RS 331
STAY SHORT AT RESISTENCE.
U.S. oil and gasoline inventories probably rose last week as
production increased and refineries opened units that were
shut last month because of Hurricanes Gustav and Ike, a
Bloomberg News survey of analysts showed.
Gasoline stockpiles probably rose 3 million barrels last week, from
186.8 million barrels the week before, according to the survey.
Supplies of distillate fuel, a category that includes heating oil
and diesel, probably gained 500,000 barrels from 122.6
million barrels.
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