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To: Terry Whitman who wrote (83828)	1/21/2000 1:32:00 PM
From: NickSE	Read Replies (2) \| Respond to of 86076

Here's my read of the oil sectors... CLG0 (Feb. Crude Oil) - Last 29.66 Is in an uptrend, but appears to be overextended and at the upper limit of its trading band. Minor support down at 24.0 and major at its bullish support line - 20.5ñ. OSX (PHLX Oil Service) - Last 90.78 Is in an uptrend and has just given a spread triple top buy signal at 92. Support at its bullish support line - 76ñ. OIX (Cboe Oil) - Last 289.81 Is in a downtrend, but appears to be consolidating. Significant resistance around the 296-302 area with the bearish resistance line at 296ñ. A break of 304 would indicate a new uptrend and 320 a breakout from previous highs. Minor support at 286 and major at 274. XOI (Amex Oil) - Last 493.92 Is in a downtrend, and also appears to be consolidating. Significant resistance around the 505-510 area with the bearish resistance line at 510ñ. A break of 515 would indicate a new uptrend and 550 a breakout from previous highs. Major support at 470. Fwiw, this index appears to be rolling over so I'd put added importance on the 470 level. Also, fwiw, the oil service sector appears to the stronger of the oils so you may want to give it the hairy eyeball like Bearke sayz. Think it would be worth a little long side trade to pick some up monday?