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

To: oilbabe who wrote (50561)	9/7/1999 9:55:00 PM
From: articwarrior	Respond to of 95453

ENERGIES AND FIBER 09/07/99 CRUDE OIL: October closed higher on Tuesday, as the market is poised to test weekly resistance crossing at 23.15 in the near future. Momentum indicators are bullish signaling additional gains near-term are possible. Closes below 20.40 would signal lower prices are likely to unfold during September with the Feb./June uptrend line crossing near 19.50 being a possible target. HEATING OIL: October closed higher on Tuesday as the market is testing weekly resistance crossing at 60.34. If this resistance level is cleared, weekly resistance crossing at 67.13 is the next target. Closes below the June/August uptrend line crossing near 57 would signal a short-term top and trend change has likely been posted. RSI and stochastics are bullish but overbought signaling additional gains are possible however, a top and trend change may also be near. UNLEADED GAS: October closed into new highs on Tuesday as the market continues to extend this year's rally. If the rally continues, weekly resistance crossing at 67.13 then 71 are the next upside targets. Stochastics and RSI are bullish but becoming overbought warning bulls to use caution as a top and trend change may be nearing.