Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: VegasMan who wrote (1526)	6/8/1999 3:28:00 PM
From: Elmer Flugum	Read Replies (1) \| Respond to of 2282

From Yahoo boards: Ralph Acampora's latest Prudential forecast (6/8/99) on future commodity price of oil: CrudeOil ($17.78 basis the September Futures contract) has now terminated the one-month downtrend with its move through resistance at $17.09 and is challenging its early May peaks at $18.11. Initial support is now seen at $17.35. Secondary near-term support exists at the recent lows of $16.27. Over the near term, we are adjusting our parameters up modestly to a $16.74 - $18.11 range with modest near-term support resurfacing at $17.35. The intermediate-term trend remains neutral with potential for a $16.27 - $18.11 trading range. A move through $18.11 would turn the intermediate-term trend up and yield potential to $20.20. The long-term trend continues to be positive with targets attainable to $20.20 and $20.80.