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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Brian Hornby who wrote (8458)	11/13/1998 6:43:00 AM
From: GROUND ZERO™	Read Replies (2) of 44573

Brian, I'd watch what crude does up around 1450 and better, I mean, who knows, we could see it go much higher, but I seriously doubt it. We aren't going to flatten all of Iraq, although we certainly could. Such a move would destroy their oil drilling and oil producing capabilities and there is no strategic advantage for us in that. The oil producers have so much oil, they literally have no place to store it. If I owned that much oil to deliver, I'd want to sell this rally as it moves higher, probably starting today. Just keep your eye on crude at around 1450. GZ

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