UPDATES

MAY 27 TUESDAY

Crude broke below the psycologigal barrier of $ 130 .

If sustains below this level could test $ 126.

TRADING CALL

SELL CRUDE OIL MCX JUNE RS 5565 STOP LOSS RS 5595

TARGET RS 5500


-- Crude oil fell more than $1 a barrel in New York on signs

that U.S. fuel consumption is dropping because of a

slowing economy and record energy prices.


Crude oil for July delivery fell $1.87, or 1.4 percent, to

$130.32 a barrel at 10:40 a.m. on the New York Mercantile

Exchange. Futures reached $135.09 on May 22, the highest

since trading began in 1983. Prices have doubled over the

past year