Strictly: Drilling and oil-field services Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BigBull who wrote (72468)	9/6/2000 6:08:24 PM
From: GREENLAW4-7	Read Replies (3) of 95453

Bigbull do you agree 27-35 was a tough number to get OSX on the recent rally, what do you think takes to get OSX heading south? How about Crude falling to 30. Where will oSX be when crude heads back to 28-30?? Those that believe we go higher from 35, I think you are seriously streaching the ability of Fund managers to agree that 35-40 is in the works. Even if we did it would only be for a short time. I see 97 market reversal in the works. Watch what happens over the next 2-3 weeks. Todays API, and Saudi's recent news that they pumped too much in July and late August equates that crude will be building inventories from this point on. As I recall the bull-fools who predict 40bbl predicted only a .3-.8 increase in inventories. Well it was some 4 Million, and wait until tomorrow and next week. I look forward to watching the OSX TANK when API week, after week, shows inventories building. This is the second week which continues a BEARISH trend, and I do expect a nice pull back tomorrow and Friday going in to OPEC meeting. Next week will, as I predict, will take crude to under 33 again and with that what happens to OSX???

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next