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OIH Chart

 
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arthur
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PostPosted: Sat Dec 17, 2005 3:32 pm    Post subject: OIH Chart Reply with quote
OIH fell sharply Friday, while oil closed 2.05 lower to 59.05. A warmer than expected winter is expected for most regions of the country. Consequently, oil may fall towards 50, within the next few months. OIH closed below its 10-day MA Friday, and has the potential to fall at least another five points short-term. Also, volatility should pick-up. If OIH bounces about two points, to the 10-day MA, that may be an excellent opportunity to buy puts.

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