wmeubank@ocp.kcmo.com
THE WINDY CITY TRADER
P.O. Box 1673, Chicago, Illinois
(November 11, 1997) ENERGY COMPLEX: We are very close to a buy for January heating oil. The recent sell-off was accompanied by a large drop in open interest and volume. This indicates that it was due to long liquidation as opposed to new selling pressures. Technically it appears that January heating oil could test 5700 very soon. A buy there with a stop near 5450 looks very promising.
Stephen Connell and William Frejlich
Hosted by:
One Crossroads Place
610 West Maple Ave, Suite WWW
Independence, MO 64050
(816) 252-4080
sysop@kcmo.com