Great support at $25...if it breaks may retest old lows in early 2016 when oil was $26....but I don't see it. Also, IF US drillers are booming, why won't this be reflected in stocks...even if their margins are squeezed at $44/barrel?
The trading setup for OIH looks very enticing. google awesome_stock_s - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is -0.7 In other words, the correlation coefficient of the other stocks