OCT 15 WEDNESDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 3885 , S2 RS 3810
R1 RS 3975 , R2 RS 4040
STAY SHORT AT RESISTENCE.
Crude drops as demnd concern weighs
Crude futures traded lower on doubts that the US
Government's plan to buy shares in large banks
will prevent further decline in world oil demand.
Light Sweet Crude for November delivery traded 61
cents or 0.78 per cent lower at $ 80.58 a a berrel
on the New Yprk Mercantile Exchange.
Brent Crude on ICE futures traded 57 cents lower
at $ 76.89 a barrel
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