Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SJS who wrote (13266)	3/2/1998 11:38:00 AM
From: Thean	Read Replies (2) of 95453

The OSX should be watched very closely. If we can close above 108 and continue to climb the upper BB upward tomorrow and the next day, the stage is set for a short term turnaround. With 2 weeks to the GOM lease-sale, we may indeed get some buying despite the depressed oil. But if OSX goes near 108 and gets bounced from there today (or tomorrow), and crude price continues to edge lower, then the enthusiasm can easily evaporate. Look at this IQC chart for OSX: iqc.com Well, Papaya you beat me to the punch and let's toast a papaya for our unison in thought.

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