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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Archie Meeties who wrote (54173)6/14/2000 10:17:00 PM
From: pater tenebrarum  Respond to of 99985
 
LOL! he really said that? seasonally adjusted? roflmao!

the key i believe is that ex Saudi Arabia, OPEC has no spare capacities. so rather than risk lower prices which they couldn't mitigate via increased output, most members are against an increase. that said, crude will probably top out once this leg of the rally is finished...it looks quite overbought by now.