SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JoeDi1213 who wrote (49876)8/26/1999 5:30:00 AM
From: Roebear  Read Replies (1) of 95453
 
Joe,
Thanks, that was the perspective I was looking for and especially with your concise look at the futures setup.
As for the technical side of it, it was interesting that the OSX closed today right on the roof line of its ascending triangle around 82.72, if it holds/bounces there, excellent. If not it should hold at the 50 day MA of 80 5/8.
If it falls through that level it had better be in the nature of a spike, hopefully forming a hammer or at least a reverse hammer or the bull run in oil prices is technically in for a short term breather at least. (All IMVHO of course)
And I'll be back to reading the weather long term tea leaves...VBG.

The fundamentals however, as you note, are intact. Perhaps this was all an excuse to run the stops, a favorite MM and Specialist activity. It will be interesting to see the TA over the next few days.

Best Regards,

Roebear
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News