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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: High-Tech East who wrote (11513)4/8/2002 11:00:37 AM
From: yard_man  Respond to of 19219
 
I think you can sell that -- gulp. I already have ... we'll see.



To: High-Tech East who wrote (11513)4/8/2002 11:02:17 AM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Nice upside gap there out of the blocks that needs to get filled on light sweet crude on the June contract. Now at $26.85 per barrel and decent overhead resistance at $27.50 -$28.00.

charts-d.quote.com:443/1018276464200?User=demo&Pswd=demo&DataType=GIF&Symbol=NYMEX:CL02M&Interval=15&Permission=273096&Ht=400&Wd=600&Display=0&Study=RSI&Param1=5&Param2=&Param3=&FontSize=10

If they can't take it higher right here and now and hold these gains off this mornings Iraq announcement, oil bulls (and oil stock bulls) are going to be in for a 'crude awakening' over the near term on this continued pullback that commenced last week. Retrace back to $25.20 minimum support?? Maybe a US attack on Iraq would get oil over $30.00??

Best Regards, J.T.