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To: Roebear who wrote (77783)11/3/2000 1:09:17 AM
From: Roebear  Read Replies (2) | Respond to of 95453
 
Barring big events like wars etc., the OSX seems like it will consolidate in a trading range from 110-112 to 125 before moving up again. If it builds a base in this range then it is quite bullish later on.

There certainly is a wall of worry to go with the (those phantom barrels for Halloween) wall of oil heading our way. With the continued bullish API's and winters soon arrival, I must think that someone besides US is using all this oil. So I am currently rethinking the influence a further US market correction would have on oil prices and OSX. The rotation back into energy in the face of a market drop the day of our 6 point OSX increase was a positive indication of future possibilities.

Back to 70's deja vu????