lower demand, and over supply we would expect OIH to continue selling off, and the head and shoulders is indicating the break of the neckline could trade down to support at $37.50.
Happy Trading
Thursday, October 25, 2012
Chart of the Day: Oil Holders ETF
With oil prices continuing to stay depressed through out the rest of the year, and there being
lower demand, and over supply we would expect OIH to continue selling off, and the head and shoulders is indicating the break of the neckline could trade down to support at $37.50.
Happy Trading
lower demand, and over supply we would expect OIH to continue selling off, and the head and shoulders is indicating the break of the neckline could trade down to support at $37.50.
Happy Trading
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