Friday, January 23, 2009

UPDATES ON JAN 23 2009

JAN 23 FRIDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 223 , S2 RS 220.30 , S3 RS 218

R1 RS 228 , R2 RS 230 , R3 RS 233

Gasoline futures for February delivery was at $1.08 a gallon,

down 1.34 cents, in Nymex trading at 10:11 a.m. Singapore

time. The contract dropped 8.04 cents to $1.0934 a gallon

yesterday, the lowest settlement since Jan. 12. Futures

are up 7.1 percent for the year and are 52 percent lower

than a year ago.

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