JAN 8 THURSDAY
SHORT TERM TREND : BEARISH
LONG TERMN TREND : BEARISH
S1 RS 2130 , S2 RS 2080 , S3 RS 2030
R1 RS 2230 , R2 RS 2275 , R3 RS 2320
STAY SHORT AT RESISTENCE.
Crude oil was little changed in New York after dropping the
most in seven years yesterday as falling consumption led
to bigger-than-expected gains in supplies of crude,
gasoline and distillate fuel.
Crude oil for February delivery was at $42.80 a barrel,
up 17 cents, in electronic trading on the New York
Mercantile Exchange at 12:41 p.m. Singapore time.
The contract earlier fell as much as 39 cents, or
0.9 percent, to $42.24 a barrel.
Brent crude oil for February settlement was at $45.93 a barrel,
up 7 cents, on London’s ICE Futures Europe exchange at 12:39
p.m. Singapore time.
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