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Thursday, September 24, 2009

CLOSING COMMENTARY FOR SEPT 24 THURSDAY

Crudeoil prices dropped nearly 4 % in MCX after heavy

selling below the sup levels of 3350. As we discussed

earlier below it 3350 could be weak. It tested nearly

3200. Prices below this could test 3150 - 3100.

Overall prices looks weak. Prices have strong res

of 3100 - 3150.

If this continuous could test 2900 levels .

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