This morning all of the major oil services stocks are trading higher during the first fifteen minutes of the day. The highly popular and traded Oil Services Holders Trust(NYSE:OIH) is trading higher by $1.65 to $161.00 a share. The pattern on the daily chart remains very good as the OIH has consolidated for the past four trading sessions. Intra-day traders must watch the $161.60 and $162.00 levels for resistance. These areas could be short term intra-day pullback levels for the OIH.
Halliburton Co.(NYSE:HAL) is a leading oil services company that is trading higher by 0.87 cents to $46.91 a share. This stock will have intra-day resistance around the $47.00 area. Should the stock rally further traders must watch the $47.50 as the next intra-day resistance level.
Schlumberger Ltd.(NYSE:SLB) is rallying higher this morning by $2.00 to $88.90 a share. This leading oil services stock should meet important intra-day resistance around the $89.75 level. Should the stock trade higher the $90.25 area would be the next intra-day resistance level for the stock.
Nicholas Santiago
InTheMoneyStocks.com
