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Here is an ETF Market Trend analysis on OIH (Oil Services HOLDRs). The investment holds shares of common stock issued by specified companies that, when initially selected, were involved in the oil service industry. [caption id="attachment_1293" align="aligncenter" width="600" caption="ETF Market Trend: OIH"][/caption] Let's take a closer look at the daily chart of OIH. Prices has been trendi...

On 18 Sep, we highlighted UNG as a potential short based on its technicals. Since then, instead of dipping significantly lower, the ETF exhibited resilience and has been hovering just below the key $12 price level. It is useful to recall that the $12 level serves as an important resistance for UNG. The downward sloping 200-day SMA has been hovering around the $12 mark as well in recent days. Ther...

Recently, we had a request for analyzing UNG, the ETF for trading natural gas contracts on NYMEX. To cut the chase, UNG is a good candidate for a short entry. Since peaking at about $60 last July, the ETF has been trending downwards with hardly any respite. A brief moment of bullishness appeared in September when it surged upwards to $12 from an all-time low of $9. However, going forward, the o...

The Energy Sector underperformed the broader market in July, and went through a very volatile week as news continually whipsawed oil prices up and down. On Wednesday, the price of crude oil tumbled 6% after the US government's weekly supply report shows a surprise surge in oil stockpiles. Then on Thursday, crude surged more than 5% as economic data, both from the US and abroad, sparked fresh optim...