SEPT 25 THURSDAY
SHORT TERM TREND : BULLISH
LONG TETRM TREND : BEARISH
S1 RS 4835 , S2 RS 4785
R1 RS 4930 , R2 RS 4985
WAIT FOR CONFIRMATION.
Crude Oil Rises as Investors Seek Commodities as Dollar Drops .
Crude oil rose for the first time in three days as investors
turned to commodities after the dollar fell on concerns that
the U.S., the world's biggest energy consumer, may fall
into recession.
Crude oil for November delivery rose as much as 61 cents, or
0.6 percent, to $106.34 a barrel in after-hours electronic trading
on the New York Mercantile Exchange. It was at $106.24 a
barrel at 1:22 p.m. Singapore time. It earlier fell as much
as 0.6 percent to $105.13 a barrel. Yesterday, futures
dropped 88 cents to settle at $105.73 a barrel on Nymex.
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