simonc Posted December 20, 2008 Report Share Posted December 20, 2008 A refreshing antidote to PM threads perhaps? Post your charts and thoughts here. (added, in edit): From the XX thread: Oil (USO) versus Oil Service shares (OIH) ... update Close-up on OIH : update : Feb.2009.WTI Compare: 12/17/2008: F 42.36 270,928 M 45.16 116,028 A 47.15 54,020 M 48.74 35,801 J 50.05 106,891 Jl 51.15 31,164 A 52.06 27,685 S 52.90 21,242 O 53.71 19,011 N 54.50 16,219 D 55.28 103,040 Updated WTI Crude closing prices: Link to comment Share on other sites More sharing options...
drbubb Posted December 21, 2008 Report Share Posted December 21, 2008 Thnx for starting this Peter. I will bring over some content from the other thread, so people can see the track record of OIH in helping to nail the TURNS on oil And if that happened do you have a target in mind [if you don't mind me asking]? Watch the chart, and see when it happens (price over 21d&34d): OIH chart We might even get an advance warning here : BHI chart The mistake I made last time was ANTICIPATING the signal rather than waiting for it. Link to comment Share on other sites More sharing options...
kernull Posted December 21, 2008 Report Share Posted December 21, 2008 I am not following the OIH much, but i made a quick overview here: Link to comment Share on other sites More sharing options...
drbubb Posted December 21, 2008 Report Share Posted December 21, 2008 Interesting forecast. If that happens, then OIH may give a false signal for OIl Link to comment Share on other sites More sharing options...
kernull Posted December 21, 2008 Report Share Posted December 21, 2008 Interesting forecast. If that happens, then OIH may give a false signal for OIl i think so. i am expecting just a bit of downside in crude monday and tuesday, and considerable rally after with a length of week and half at least Link to comment Share on other sites More sharing options...
drbubb Posted December 22, 2008 Report Share Posted December 22, 2008 I could see a decent rally coming in crude. Maybe to $70-80, which is where the long term prices suggest Link to comment Share on other sites More sharing options...
drbubb Posted December 29, 2008 Report Share Posted December 29, 2008 Still no signal : chart We are getting close, but no cigar yet. If the newsflow eases, Oil could resume its slide. The volume on this little rally is weak - and that's not bullish. OIH needs to punch thru $75-80 : BHI chart OIH Close: $71.40 Change: +$1.74 Link to comment Share on other sites More sharing options...
drbubb Posted December 30, 2008 Report Share Posted December 30, 2008 (from the Major Low in Oil? thread): Why are oil service companies a good sign that the POO will enter an upward trend? I was of the thinking that oil producers would limit production to boost prices? Higher oil prices are good for Oil Service stocks, and historically they have often led moves in Oil. But the track record is not 100%. More like 80-90%, I suppose Link to comment Share on other sites More sharing options...
drbubb Posted December 30, 2008 Report Share Posted December 30, 2008 (from the DrB Diary thread): any views on this one - still near the bottom - even though Oil has moved up i dont own any http://finance.yahoo.com/q?s=HOU.TO Horizons BetaPro NYMEX CRUDE OI(Toronto: HOU.TO looks cheap, But wait for the Signal from OIH - see the Oil Signal thread here Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted January 2, 2009 Report Share Posted January 2, 2009 (from the DrB Diary thread): looks cheap, But wait for the Signal from OIH - see the Oil Signal thread here 1.92 to 12.70 bugger I shouldn't have hesitated never mind Link to comment Share on other sites More sharing options...
drbubb Posted January 2, 2009 Report Share Posted January 2, 2009 OIH: 76.46 Change: +2.71 // Percent Change: +3.67% Open: 74.01 High: 76.74 Low: 73.99 Volume: 932,717 If it can hold these gains, and stay over $75, that's a bullish indication Link to comment Share on other sites More sharing options...
drbubb Posted January 3, 2009 Report Share Posted January 3, 2009 Good price move in OIH ... update OIH: $79.593 Change: +$5.843 Volume: 7,173,817 Percent Change: +7.92% A sign of an upturn? Maybe. But not enough volume to be fully convincing. So I am not adding to my positions (yet), and may do some profit-taking here. Link to comment Share on other sites More sharing options...
DoctorSolar Posted January 3, 2009 Report Share Posted January 3, 2009 1.92 to 12.70 bugger I shouldn't have hesitated never mind If its any consolation... I believe HOU did a 5:1 reverse split hence the massive jump in price: HOU at google finance Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted January 4, 2009 Report Share Posted January 4, 2009 If its any consolation... I believe HOU did a 5:1 reverse split hence the massive jump in price: HOU at google finance thanks for that thought i had missed a potential 10 bagger Link to comment Share on other sites More sharing options...
drbubb Posted January 10, 2009 Report Share Posted January 10, 2009 OIH stocks may be a good BUY on Monday, if it can hold OIH-75. : OIH-10d-chart Friday's action was: OIH: 79.23 Change: -5.22 Open: 84.00 High: 84.25 Low: 78.67 Volume: 10,648,000 Percent Change: -6.18% Friday's low may be good enough. Click on chart, above The larger components are: (at 3/2007 were): SLB / Schlumberger : 10.41% RIG / Transocean.... : 10.08% HAL / Halliburton....... : 9.52% BHI / Baker Hughes... : 9.52% GSF / ...................... : 8.44% DO / Diamond Offsh... : 6.10% NE / Noble Corp........ : 5.93% Link to comment Share on other sites More sharing options...
drbubb Posted January 12, 2009 Report Share Posted January 12, 2009 ADDED OIH and BHI calls today as OIH fell to my $75 target. Let's hope it holds support near there My expectation is that we are at a "Kiss it Goodbye" point, after the breakout it is revisiting the breakpoint Bloomberg: "Goldman says: 'Oil may fall to $30 this quarter'" - I love betting against these guys, and winning Link to comment Share on other sites More sharing options...
Pixel8r Posted January 12, 2009 Report Share Posted January 12, 2009 Have followed you into OIH today at $75.4. Managed to buy it within my UK selftrade ISA, it wasn't on their website but the dealer was able to buy for me. It appears that a lot of US ETFs are not on their website, but you can still buy when you speak to the dealers. Link to comment Share on other sites More sharing options...
GTG Posted January 12, 2009 Report Share Posted January 12, 2009 Bloomberg: "Goldman says: 'Oil may fall to $30 this quarter'" - I love betting against these guys, and winning Yeah, and they're shaping up to be a good contrarian indicator IMO. Have followed you into OIH today at $75.4. Managed to buy it within my UK selftrade ISA, it wasn't on their website but the dealer was able to buy for me. It appears that a lot of US ETFs are not on their website, but you can still buy when you speak to the dealers. http://www.greenenergyinvestors.com/index....ic=5612&hl= Post #19 I did BHI as you can trade online albeit "at best" only and without stops and limit orders. Link to comment Share on other sites More sharing options...
Pixel8r Posted January 12, 2009 Report Share Posted January 12, 2009 http://www.greenenergyinvestors.com/index....ic=5612&hl= Post #19 I did BHI as you can trade online albeit "at best" only and without stops and limit orders. When you ring the dealer you are charged the same as if you buy online. When bought you can sell "at best" online, so much the same really, just takes a phone call. Link to comment Share on other sites More sharing options...
GTG Posted January 13, 2009 Report Share Posted January 13, 2009 When you ring the dealer you are charged the same as if you buy online. When bought you can sell "at best" online, so much the same really, just takes a phone call. The only downside is that you get put on hold when the markets move quickly. Link to comment Share on other sites More sharing options...
drbubb Posted February 3, 2009 Report Share Posted February 3, 2009 OIH bears close watching here ... OIH-chart A break over OIH-76.00 with volume would be very encourgaing for Oil & Oil shares. A fall under OIH-74.00 (with volume) would be bearish Link to comment Share on other sites More sharing options...
drbubb Posted February 27, 2009 Report Share Posted February 27, 2009 The BUY signal becomes "confirmed" when OIH pops thru the 76d.MA with volume OIH vs. USO ... update : OIH-w/76d.MA Link to comment Share on other sites More sharing options...
Member100 Posted March 8, 2009 Report Share Posted March 8, 2009 Oil (USO) versus Oil Service shares (OIH) ... update Close-up on OIH : update : Feb.2009.WTI Is an update possible? Link to comment Share on other sites More sharing options...
drbubb Posted March 8, 2009 Report Share Posted March 8, 2009 Update - No breakout yet USO performing better than OIH ... update Link to comment Share on other sites More sharing options...
drbubb Posted March 27, 2009 Report Share Posted March 27, 2009 TIME TO SELL Oil and Oil-related shares? - The Fundamentals dont look so "hot", and we've had a nice run. I am doing some lightening up here The question is then: why is oil trading over $53 today when the supply/demand picture is so bearish? No doubt part of the reason is a jubilant market response to the fiscal policies unveiled by the Obama administration recently. That said, printing money to reflate the economy has its drawbacks. The US dollar index has dropped from 89 to 83.3 in two weeks (6.4%) and this supports oil and most other commodity prices. Underpinning the rally in crude oil (which could falter as short covering abates) are memories of 2008. The fundamentals of peak oil are still in place. While unemployment, housing, and consumer spending will remain a problem as the US works through the recession, one must remember that OPEC is cutting production while worldwide E&P budgets are down as well. The next oil price spike could make 2008 look like child’s play. Don’t be surprised to see front month oil contracts trade at wider and wider discounts to oil futures as the US recovers from recession and governments the world over fiscally reflate the world economy. Traders will not forget the $145/barrel prices of 2008 any time soon. Neither will they forget that production at many US oil companies was actually down in 2008 despite those high prices. On the natural gas front, new shale production has US nat gas weekly underground storage volumes trending higher. /more: http://seekingalpha.com/article/127517-why...icle_sb_popular Link to comment Share on other sites More sharing options...
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