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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Mao II who wrote (12844)5/4/1999 4:35:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
Oil was over $ 19 today.



To: Mao II who wrote (12844)5/4/1999 6:54:00 PM
From: stockycd  Read Replies (2) | Respond to of 99985
 
M2,

Oil futures touched $19 and according to CBSMKTW, that was the first time since Dec 97. I can't understand the rise in the transports....Well we know it doesn't have to make sense. The rising price of energy will have some sort of inflationary impact on the economy. What we don't want to see is all this stuff heating up before SEA recovers even 50%.

Chris


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