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: oilbabe who wrote (46791)	6/23/1999 12:10:00 PM
From: The Ox	Read Replies (2) of 95453

I disagree with your premise that we are going lower. First, I think it's too early to tell, since it's only been a "rally" for about 3 hours<vbg>. What's the downside in RIG? 24 maybe and probably only for a short dip? WTI Crude has moved up over 50 cents last I checked and the recent drop in crude was seen by many as a technical move. I'm not expecting explosive move to the upside but I don't believe we are heading lower in the near term. We will see.... Michael

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