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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (46052)	6/8/1999 1:27:00 PM
From: PartyTime	Respond to of 95453

OT: Man, KOOP is flying! Opened around nine and is now nearing 19!!! I tried desperately to sell half of my UTI holdings in order to buy more KOOP around 14, but Schwab wouldn't sell it. Finally, with KOOP soaring out out of reach I had to cancel the UTI sell order and thus didn't get more KOOP. What a bummer! I could have brought two to three grand more back into the oil/gas patch had my strategy succeeded. Oh well: Go UTI!!! (LOL)

To: ChanceIs who wrote (46052)	6/8/1999 1:29:00 PM
From: Heretic	Read Replies (1) \| Respond to of 95453

Ralph Acampora's technical analysis June 8, 1999 Crude Oil ($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. Natural Gas ( $2.46 basis the September contract) is in the process of breaking out above the late April peaks at $2.44 suggesting additional potential to $2.58 over the next several weeks. Initial support is now seen at $2.36 and then $2.22. Near-term, we now look for a $2.36 - $2.58 range. The intermediate trend has now turned up with potential to $2.64. The long-term trend remains neutral and would need a move through $2.64 to suggest a new long-term uptrend. prusec.com