paulyberndt

OIH Breakout Weekly

Long
AMEX:OIH   VanEck Oil Services ETF
Oil Services has broken out on the weekly. Price is now above the
alley-gator blue line and the Awesome Oscillator is now showing a
green bar.with momentum now shifting.

My entry point would be 2 ticks above this past weeks high
or a retest of the Alley-gator blue line. Halliburton and Schulberge are also strong.
As the summer driving season approaches the oil patch normally shows strength.

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