OIH ETF Trading Chart and Forecast – OIH showing clear relative weakness to the broad market right now. It broke support of a 5-month uptrend line last week, and its 20-day exponential moving average has crossed below the 50-day moving average. That convergence now acts as resistance just above the high of the past five days. All bets are off however for a short entry if the major indices build on yesterday’s accumulation. Here’s the daily chart of OIH.
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