UPDATES ON JULY 25 2008

JULY 25 FRIDAY

SHORT TERM TREND : BEARISH : TARGET RS 5160

LONG TERM TREND : BULLISH: TARGET RS 6460

S1 RS 5256, S2 RS 5210, S3 RS 5165

R1 RS 5340, R2 RS 5382, R3 RS 5415

PREFER SHORT AT 5335 TO 5340

STOP LOSS RS 5382

TARGET RS 5256

Oil Rises on Concerns of Potential Iran, Nigeria Output Losses .

Crude oil rose for a second day in New York on concerns of

possible supply disruptions in Iran and Nigeria.

Israel's top military commander said yesterday that force

may be used to stop Iran's nuclear program if diplomacy fails.

In Nigeria, militants threatened to attack major oil pipelines

to counter claims it took payouts from the government.

Crude oil for September delivery gained as much as 81 cents,

or 0.7 percent, to $126.30 a barrel in after-hours electronic

trading on the New York Mercantile Exchange.

It was at $126.12 a barrel at 1:27 p.m. Singapore time.

Yesterday, oil rose $1.05, or 0.8 percent, to settle at

$125.49 a barrel. Futures are up 66 percent from a year ago.

Brent crude oil for September settlement rose as much as

69 cents, or 0.6 percent, to $127.13 a barrel on London's

ICE Futures Europe exchange. It was at $126.96 a barrel at

1:29 p.m. Singapore time. The contract rose $1.15, or

0.9 percent, to settle at $126.44 a barrel yesterday.