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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.100.0%Jan 23 4:00 PM EST
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To: Fun-da-Mental#1 who wrote (56199)7/7/2000 9:45:48 AM
From: pater tenebrarum  Read Replies (1) of 99985
 
Fun, imo it all depends on the economy...if it slows down or goes into a recession, demand for crude could wane quickly. if not, demand will continue to outstrip supply, and prices will resume their upward trend. let's not forget, the only OPEC producer with spare capacities, Saudi Arabia, is going to run out of capacity soon as well if demand growth keeps up at the pace seen in the past two years.

regards,

hb

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