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: Gary Burton who wrote (55483)	11/26/1999 5:59:00 PM
From: Broken_Clock	Read Replies (1) of 95453

Gary, I think it boils down to this....http://futures.tradingcharts.com/chart/CO/M Can crude sustain this rally and take out $27 on a monthly close? If so, traders are saying $30 is next stop and that should carry all energy sectors higher. OTOH, a close sub-$27 on Tuesday could be somewhat indecisive if Wednesday rallies and finishes out the week moving towards $28 based on another round of big draws in crude(then I would be watching for a dec close above $27-28 level)....ala Slider's sub-300 million barrel scenario.

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