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: Czechsinthemail who wrote (16522)	3/25/1998 5:17:00 PM
From: Broken_Clock	Read Replies (3) of 95453

I think the osx is indicating very clearly the indecision ahead of OPEC's meeting. Good news today...the osx held at support of 113. Actually hit 113.02. Amazing. Bad news...oil up 50 cents and the osx just tread water. That indicates to me that some heavy money is just waiting for a reason to short this sector but they are afraid to get caught if oil pops next week. Meanwhile, the bulls are unable to run up the price. Tug of war time. Fairly light volume so no real commitment from either side yet. It's only Tuesday so looks like they just range trade till Monday. bw loves that stuff. PK

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