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To: Archie Meeties who wrote (26770)10/31/2003 5:44:55 PM
From: quehubo  Read Replies (3) | Respond to of 206092
 
Arch are you ready to throw in the towel yet on the $3,50 NG futures trade?

OSX moved nicely off of support today of course after I panicked and pinched a little yesterday.

I suspect the extremely bullish and better than expected Q3 production data will dominate the OSX bias until some draws show the relationship this year between HDD and draws.

The first sign of any steady decrease in drilling and I bet next Winter's futures contracts start moving up.



To: Archie Meeties who wrote (26770)10/31/2003 7:38:09 PM
From: GREENLAW4-7  Respond to of 206092
 
arch, i have not followed OSX strongly for awile.

I like to buy OSX under 83, but this week I got cold feet based on the very ugly builds in all the products.

I have no position in osx currently, but i would have been long. Looking out, I just wonder if we are on the verge of OSX breaking its support and heading into 70 area? I wish I could understand why NG is still above 4 when we are higher in supply then we were in 01?

Crude is also higher on the supply side.