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To: waverider who wrote (22588)5/21/1998 1:48:00 AM
From: upanddown  Respond to of 95453
 
Diamond:

It sure looks like support but the chart is really only showing the low from earlier this year (11.96 ??). Its only current thru April. If it was up-to-date it would have had the zig to 16.50 and the zag back to 13-14. When I looked at that chart earlier this year, it didn't look right because I am fairly certain that oil was single digits in 86. Of course, adjusted for inflation, this year's prices are probably the lowest since 1973.

John