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.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.