Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Stoctrash who wrote (22996)	5/28/1998 6:12:00 PM
From: MonsieurGonzo	of 95453

Robert; RE:" Key reversal in the OSX today...." Yep! Big-time Hammer Candlestick on the OSX.X and lots of Morning Star reversals on the individual stocks. CL98N futures have been flat for last few sessions... makes me think that - if the price of crude would just stabilize - the general tendency of the OIX.X and OSX.X indices would be to go up. If crude actually started to move up - wow - the OSX would go ballistic. The OSX.X index fell through the last UpTrend line (at ~102) on my chart today; still, I couldn't see the sector going down any more without at least some kind of technical correction, with the price of crude stable and all. >looks to be headed back to 108 - 114 area... ...would love to see that (^_^) The 106-107-108 area is a key resistance level on my OSX.X chart. I'm holding July 105's, 110's and 115's bought down on the fall from 109-to-103. -Steve

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