Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: Buzz Mills who wrote (669)	5/13/1997 4:27:00 PM
From: RonN	of 1017

With the day not yet finished, CWEI looks good above the 20DMA and moving even with the 50DMA. A long way off from the 100DMA but at least its challenging the $12 level with strong volume and not retreating after gains made previous day like it was for a while last month and before. I don't think this is just based on earthquakes but the additional information on the straight of Hormuz in combination doesn't hurt. The proof will be, as these situations come to resolution, will the price of oil fall significantly and will CWEI also loose the gains made. If not, you would have to attribute the gains to these factors plus others we may not know of.

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