Thursday, January 22, 2009

UPDATES ON JAN 22 2009

JAN 22 THURSDAY

SHORT TERM TREND :BULLISH

LONG TERM TREND : BEARISH

S1 RS 233 , S2 RS 228 , S3 RS 225

R1 RS 238 , R2 RS 242 , R3 RS 245

STAY LONG AT SUPPORT FOR INTRA DAY.

Gasoline stockpiles rose 1.8 million barrels last week,

according to the survey. Inventories of distillate fuel,

a category that includes heating oil and diesel,

probably increased 500,000 barrels.

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