PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (715835)	11/30/2005 8:42:16 AM
From: Hope Praytochange	Read Replies (1) of 769667

kennyboy no more market and oil comments ? Crude Oil prices continued their downward spiral, as the Brent Grade Crude oil made new lows 53.92. The level of which has not been seen since mid June last year. Today's inventory data due out in the US are expected to show a slight draw in Crude, however, an anticipated build in distillates and gasoline should provide most of the momentum. At current levels, we have to look back to the first quarter of this year to find support/resistance. Yesterday's close above the previous days lows provided no support as the after hours session traded lower. Any sign of retracement target's 55.00, however, the trend provides no evidence for support. Today's trade should be in reaction to the weekly inventory data later. That will set the tone.

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