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


To: Ahmed Elneweihi who wrote (39128)3/6/1999 10:12:00 PM
From: Ahmed Elneweihi  Respond to of 95453
 
Technically, Why this rally in oils may be for real: 1)It is the first rally accompanied by the oil on the weekly continuation chart breaking out of a head and shoulder formation. 2)OSX and many drillers stocks went above their 50 day moving average while that average is rising. Previous rallies had the 50 day moving averages of OSX and stocks still falling.