Wednesday, December 6, 2006

Update: Re-iterate BUY: Oil Service ETF (OIH 148.15) is breaking higher from range bound action







The oil service stocks are rallying higher. In my previous Buy recommendation (dated Nov 28th), a buy stop was placed @ 141.07. Since that time, the Jan '07 Crude Oil contract has been climbing higher from its bottoming action lifting the oil service names including the OIH ETF(148.15).