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Friday, October 17, 2008

UPDATES ON OCT 17 2008

OCT 17 FRIDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 330.30 , S2 RS 327

R1 RS 336 , R2 RS 339

WAIT FOR CONFIRMATION.

Gasoline stockpiles climbed 6.97 million barrels to 193.8 million

barrels in the week ended Oct. 10, the report showed. Supplies

were forecast to rise 3 million barrels, according to the

Bloomberg survey.

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