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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: seadust who wrote (23714)	6/9/1998 4:46:00 PM
From: upanddown	Respond to of 95453

WK: Thanks a lot for the info on contract closing days. So the July contract will close on the 22nd in 13 days. I'am wondering whether we will get the same kind of action that day that we got last month on the last trading day, about a $2.00 decline because of storage concerns (single-digit crude ??). If the OSX gets down to its Jan low below 90 at that time, it might be a great buying opp with the OPEC meeting two days later. We would get the "W" pattern that Thean was talking about on the "other" thread, 140 to 88 to 120 to 88 to hopefully 140. I can live with the 88 if that becomes a REAL bottom. Thanks again, John