OIL may rally soon!AMEX:OIH may see some bullish momentum soon as geopolitical tensions get worse daily.
Key stats
About VanEck Oil Services ETF
Home page
Inception date
Feb 7, 2001
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
OIH had a makeover in late 2011 as the old 'Oil HOLDRS' was taken over by Van Eck and turned into a living, breathing ETF, with new management, and a simple strategy aimed at capturing the 25 largest and most liquid US-listed oil services companies. Although a fraction of its portfolio is focused overseas, OIH overweights the US and makes its own sector bets. Overall, the OIH offers extremely concentrated exposure with a strong bias to US-firms. The index is rebalanced semi-annually.
Classification
What's in the fund
Exposure type
Industrial Services
Stock breakdown by region
Bullish on OIHI am bullish for the rest of the summer on OIH.
Energy prices and demand always rise in the summer.
The technicals all look bullish, we've been riding a steady uptrend for about a year now and we are the point of breaking out of the lower value area and moving back up to over 400.
Currently pr
OIH: One Last Climb 🧗The OIH is currently working on green wave 2, which should extend to our same-colored Target Zone (between $335.63 and $353.32). Within this range, the price should complete a reversal and then gradually trend downwards. This Zone can therefore be used to open any short trades. Stops could be placed
OIH: Keep Going! 👏OIH is on its way toward our green Target Zone (between $$321.09 and $339.97), nearing the last local high from the end of January. We expect the ETF to arrive in said Target Zone during the orange wave ii before the orange five-wave downward structure should continue, ultimately concluding below th
OIH wave 4 of 5 of 5 wave structure The chart posted in the OIH tracking etf We should be seeing the last of the selloff today and see a rally back to 333 within 2 to 4.5 weeks and then see a drop and pullback from .786 to a minor new low from this point I would be looking for a 95 PLUs pt up move to above ALL the tops and then
OIH Bottomed at .618 I have now moved to a 100 % long The chart is that of OIH etf we have now dropped into the 17 week turn and have reached .618 pullback .I would now look to be look calls and a target min 333 with the odds of a print at or above 375
OIH: Come on! 👏Since the low of wave ii in orange, OIH has already managed some strong upwards moves, but so far, it could not successfully conquer the resistance at $276.85. However, we expect the ETF to climb above this mark soon to develop wave iii in orange. Afterward, the short counter movement of wave iv in
OIH: Rebound 🏐Impulsively, OIH has bounced off the resistance at $276.85, which now marks the top of wave iv in magenta. Next, the ETF should continue the downward trend below the support at $250.69 to complete the magenta-colored three-part movement and thus expand wave 3 in turquoise. However, a 35% chance rema
#Energy Firming Up#energy #oil trade firming up again.
You can play it through ETF with #OIH setting up.
I picked up $OKE on Friday. They don't get any tighter or low risk than this.
OIH Oil Equipment Services ETF about to explode soon?I have run my quant screeners and I have came across this beauty, I've made much more deep analysis and I think OIH is setup for a 20% move higher.
Cheers
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.