VanEck Oil Services ETF

  • OIH

  • $283.89

  • -1.10%

  • $287.81

  • $287.81

  • $283.39

Ticker Appearances

Live Technical Stock Analysis
Thu, December 5, 2024 | 4:00PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

LIVE Technical Stock Analysis December 2024

Mark will be conducting a live Webinar session for the most popular stocks requested by our subscribers. Mark will give his quick take (45 sec-1-minute...

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Mon, November 4, 2024 | 12:36PM ET

⚡ FlashInsights

Mon, November 4, 2024 | 12:36PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
Big news over the weekend concerned OPEC+ delaying the return of Output reduction by one month and Crude bouncing also potentially on news of retaliation by Iran to attacks by Israel post the US Election. As daily WTI Crude (front month) futures charts show, the decline in October was likely a clear five-wave decline. Thus, while a minor bounce is underway, it likely won't prove too strong before another pullback down to new lows in December. Volatility has risen for Crude, but not unlike what's being seen in many assets ahead of the Election. Technicals for both Crude and Energy as a sector are negative into next year, and bounces should be seen as temporary before prices turn back lower. (CL -0.13% _F) XLE -0.58%  OIH -1.10%
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Daily Technical Strategy
Mon, October 7, 2024 | 7:22PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Crude, FXI, Utilities & Treasury yields all getting close to resistance

SHORT-TERM US EQUITY TRENDS LOOK TO HAVE TURNED BACK HIGHER LAST FRIDAY FOLLOWING A CHOPPY PERIOD OF CONSOLIDATION IN RECENT WEEKS.   DESPITE A PLETHORA OF...

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Wed, October 2, 2024 | 11:03AM ET

⚡ FlashInsights

Wed, October 2, 2024 | 11:03AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Lot of investors wondering if C N/A% rude is bottoming, and i do NOT feel this is the case technically, though i can make the case for another 2-4 days of gains back up to 73.45-74.50 before this peaks and goes back to the lows. Structurally this remains bearish, Elliott patterns suggest a good likelihood of $50 oil, DeMark exhaustion is not in place and cycles remain bearish until Summer 2025. Thus, while a short-term bounce is certainly underway for Energy as a sector as Geopolitical risk has elevated, i don't suspect this will prove long-lasting. Technically speaking, bounces would be used to Trim/take profits/hedge Energy as of early next week. (CL -0.13% _F) OIH -1.10%  XLE -0.58%
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Daily Technical Strategy
Tue, September 3, 2024 | 7:18PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Materials sector being lowered to Neutral given commodity weakness

THE POST-HOLIDAY SELLING IN US EQUITIES DURING THIS SHORTENED WEEK SEEMED TO CATCH MANY INVESTORS OFF-GUARD, AS VIX AND JAPANESE YEN SPIKED TO MULTI-DAY HIGHS...

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