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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Chip McVickar who wrote (5699)	4/12/2005 7:49:09 AM
From: robert b furman	Read Replies (1) of 12411

HI Chip, I'm not a futures trader - but an observation. Crude has peaked the last several months on options expiration. An acquaintance of mine (who works for Anadarko's trading department) says oil historically peaks in April. With heating oil and natural gas both declining hard - my bet is crude doesn't hit a new high this Friday and that leads us down in price. Mr Market needs a little good news,the oil tax being reduced could well be that push. One thing for sure we have a nice oversold STO and MACD glide slope here at this dip. Major market bottoms don't start off that kind of a dip. I think we pop very soon here also. Bob

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