Thursday, January 8, 2009

UPDATES ON JAN 8 2009

JAN 8 THURSDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 282 , S2 RS 279 , S3 RS 276

R1 RS 288 , R2 RS 291 , R3 RS 294

STAY SHORT AT RESISTENCE.

Gasoline inventories rose 3.33 million barrels to 211.4

million barrels, the department said. Supplies were

forecast to increase by 1 million barrels. Distillate

supplies, which include heating oil and diesel, climbed

1.79 million barrels to 137.8 million barrels. A gain of

1.1 million barrels was forecast.

Refineries operated at 84.6 percent of capacity last week,

up 2.1 percentage points from the week before, the report

showed. Analysts forecast that there would be no change

in utilization.

No comments:

Post a Comment