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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Yogizuna who wrote (29583)3/19/2003 11:50:25 AM
From: isopatch  Read Replies (2) | Respond to of 36161
 
Crude oil gets hammered. Whodathunkit?!<g>

3 day chart with current price

quotes.ino.com

API/DOE reports out this AM for last week (courtesy of SI member Tomas)

Message 18721567

Daily and weekly crude charts.

stockcharts.com

Let's see how firm $30 support is. Should give us at least a ST bounce.

Supply disruptions are growing in Nigeria. And VZ production is "reportedly" back to 2.4 mbd vs 3.1 pre-strike levels.

But the main event dictating price action after that will be:

Can we get to those Iraqi fields quickly enough to prevent those still following Saddam's orders from blowing up a significant number of wells?

More volatility ahead.

Isopatch