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Thursday, November 19, 2009

UPDATES FOR NOV 19 2009

NOV 19 THURSDAY

TRADING LEVELS FOR MORNING SESSION

SUPPORT 1 RS 3650 , SUPPORT 2 RS 3630

RESISTANCE 1 RS 3700 , RESISTANCE 2 RS 3730

Recap: -

Crudeoil maintaining its strong upside movement as

prices went up with yesterdays momentum. Trading

Range seen between 3660 – 3690 shortly.

Forecast: -

Prices expected to be bullish on a close above 3650

levels. A break and close above 3700 could have

more buying till 3750 – 3800 levels again. Need

to watch positive closing.

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