Its not even winter yet - no way to tell what the winters gonna bring.
If I was a bettin man though, Id still bet on a warmer winter on average - that doenst mean less snow, in fact it probly means more snow. Saying the warm-winter scenario is wrong based on a couple of cool weeks in the fall is silly.
Take a look at the weekly chart - were right up against the 50 day there too.
I think a break above the 200/daily and the 50/weekly -- which are essentially in the same place, could take the OIH to next resistance around 150(!).
The other-way-trade is a good one - OIH puts with a stop-loss on a close above @ 142. Im a contrarian at heart - Of course whats good about it is the well-defined stop-loss. Whether its plausible or not in reality will be told today and tomorrow in how OIH acts in this resistance area -- and how it reacts to NG inventories tomorrow.
...its always fun though. Glad I dumped my NBR puts a couple days ago.