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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Brian Hornby who wrote (11550)	1/3/1999 10:35:00 AM
From: GROUND ZERO™	Read Replies (2) of 44573

As far as crude goes, I'd sell any good rally. There's a glut of oil, the producers have no place to store it and the oil producing countries are competing in a price war jut so they can dump their oil. I suspect the all time low of $9.75 will eventually be taken out before any respectable rally can ensue. The days when OPEC had the world by the short hairs is over... BTW, lower oil (energy) prices has to have a long term positive effect on the transportation of goods, bullish for the equities in general. GZ

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