The Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by 0.91 cents to $35.05 a share. The oil services sector has been weak since late February. The OIH daily chart is trading below both the 50 and 200 moving averages; look for intraday support at the $35.00 and $34.00 levels.

Nicholas Santiago

InTheMoneyStocks.com…

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This morning, all of the leading oil service stocks are declining lower with the major stock indexes. The important Market Vectors Oil Services ETF (NYSE:ARCA:OIH) has been selling off for over a week and this sector is entering short term oversold conditions; therefore, a small bounce in the next few day is possible. The OIH will have intra-day support around the $37.00, and $36.50 levels.



Some of the leading oil service stocks that are coming under selling…

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This morning, the leading oil service stocks are still trading lower despite the recent stock market rally. The Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by 0.56 cents to $41.22 a share. The OIH should have short term intra-day support around the $41.00, and $40.50 levels.



Some leading oil service stocks that are declining lower today include Schlumberger Ltd (NYSE:SLB), Halliburton Co (NYSE:HAL), and Baker Hughes Inc (NYSE:BHI). All of…

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The highly popular and important oil services stocks have been weak relative the major stock indexes since late February 2012. This morning, the Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by 0.97 cents to $42.02 a share. It is important to note that the OIH is now trading below the daily chart 50, and 200 moving averages. This chart position puts this sector in a weak technical formation on the charts at this time. Short term traders can watch for intra-day support…

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Almost everyone that trades energy or the oil service stocks is talking about the Iranian situation in the Middle East. The tensions in the region seem to be building on a daily basis. This event is certainly keeping a bid in the oil and energy markets. Normally, these geopolitical events will keep a bid under the oil service stocks, however, at some point that will change. That is why it is best to use charts and not rely on the news when trading.



The Market…

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This morning, all of the leading oil service stocks are coming under selling pressure. The popular and highly traded Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by $2.25 to $128.85 a share. Short term traders can watch for intra-day support around the $128.00, and $127.00 levels. Traders can watch for intra-day bounces around these levels.



Some of the leading oil service stocks that are trading lower this morning include Halliburton Co…

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This morning, the Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading higher by $2.17 to $126.16 a share. It seems that there was favorable court ruling for Transocean Ltd (NYSE:RIG) regarding the Deepwater Horizon oil spill. RIG stock is trading higher by $1.53 to $48.76 a share. Leading oil services stocks such as Halliburton Co (NYSE:HAL), Baker Hughes Inc (NYSE:BHI), and Sclumberger Ltd (NYSE:SLB) are all trading higher this morning. It is important to note that all of these…

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This morning, all of the leading oil services stocks are declining lower. Earlier today, Halliburton Co (NYSE:HAL) reported earning that were below investors expectations. The stock is trading lower by $1.30 to $34.91 a share. Short term traders should watch for intra-day support around the $34.50 and $33.85 levels. The stock could see short term intra-day bounces from this area.



Traders that want to follow the entire oil services sector can follow the Market…

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The oil services sector has been very strong since December 19, 2011. The Market Vectors Oil Services ETF (NYSE:OIH) is trading higher again this morning. The OIH is climbing higher by $1.73 to $122.91 a share. Traders must watch for upside resistance on the daily chart around the $124.75 level. Short term traders can watch for intra-day resistance around the $123.50 and $124.00 levels.



Some leading oil services stocks that are trading higher at the start of the…

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This morning, the oil service stocks are coming under selling pressure along with the major stock indexes. The highly popular Oil Services Holders Trust (NYSE:OIH) is trading lower by $2.77 to $122.81 a share. Short term day traders can watch for intra-day support around the $122.25, and $121.00 levels. The OIH will often trade inversely to the U.S. Dollar Index, therefore, traders should watch this inverse relationship closely.



Some of the leading oil service…

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This morning, the highly followed and traded Oil Services Holders Trust (NYSE:OIH) is trading higher by $1.46 to $124.32 a share. The OIH has rallied sharply higher by $29.00 since the October 4, 2011 pivot low. Traders must watch for important daily chart resistance for the OIH around the $129.00 area. Short term traders must watch for intra-day resistance around the $125.50 level. Should the OIH pullback intra-day there will be some short term support around the $122.75 level.…

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The oil service stocks are under some early selling pressure this morning. The popular Oil Services Holders Trust (NYSE:OIH) is trading lower by $3.93 to $118.25 a share. It is important to note that the OIH has had a huge rally since October 4, 2011 when it traded as low as $95.00 a share. Traders should watch for intra-day support around the $117.65 and $116.70 levels.



Other leading oil services stocks that are selling off this morning include Halliburton Co…

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The oil services stocks have moved up sharply since the October 4, 2011 pivot low. At that time, the Oil Services Holders Trust (NYSE:OIH) traded as low as $95.00 a share. This morning, the OIH is trading higher $2.00 to $116.80 a share. Believe it or not, the OIH has gained over 21.0 points in less than six complete trading sessions, now that is a bounce. Traders should watch for intra-day support on the OIH around the $118.00, and $120.00 levels.…

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The oil services stocks are trading higher to start the day. These stocks have been decimated along with everything else in the stock market over the past three weeks. This morning the Oil Services Holders Trust(NYSE:OIH) is trading higher by $2.08 to $133.37 a share. Traders should watch for short term intra-day resistance around the $135.00 area. Should the OIH sell off or decline throughout the session traders should watch the $129.50 area as short term intra-day support.…



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The oil services stocks have simply been on fire as of late. The popular and highly traded Oil Services Holders Trust (NYSE:OIH) has rallied higher by $20.00 since June 27, 2011. That is a 15.0 percent increase in less than one month. Many of the leading oil services stocks have had even better moves. The sector still looks very strong on the charts trading above all of the major moving averages. The only problem that a technical chart trader can see is that the sector is overbought and… Continue