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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: stevedhu who wrote (64782)4/17/2000 5:09:00 PM
From: BigBull  Read Replies (1) of 95453
 
The downtrend in May crude prices has be broken over the last two days of price action, this is a good preliminary sign for patch stocks. I don't think crude is going straight up by any means but still this price action begins to argue for the bottoming process in crude to begin. IMO futures traders are beginning to take heed of OPEC statements, especially Saudi statements.
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