JUNE 2 2008 MONDAY
SHORT TERM TREND : BEARISH : TARGET RS 5320
LONG TERM TREND : BULLISH ; TARGET RS 5890
PREFER SHORT AT 5430 TO 5435
STOP LOSS RS 5468
TARGET RS 5365.
OIL PRICES MIXED IN ASIAN TRADE AMID NEGATIVE NEWS ON
GLOBAL ECONOMY
World oil prices were mixed in Asian trade Monday amid negative news on the
global economy, which could dampen demand for oil.
In morning trade, New York's main oil futures contract, light sweet crude for
July delivery, slipped 4 cents to $127.31 per barrel.
Prices fell heavily last week as traders took profits from a record-breaking
run that saw crude surge beyond $135 on concerns about tightening energy
supplies.
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