This morning, all of the leading oil services have begun to decline lower on the session. The important Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by 0.18 cents to $35.83 a share. This indicates that most of the leading stocks in the industry group are now coming under selling pressure.   ...Continue reading here

This morning, all of the leading oil service stocks are coming under selling pressure. The important oil services sector has been very weak since late February 2012. Today, the Market Vectors Oil Services ETF (NYSEARCA:OIH) is declining lower by 0.91 cents to $35.05 a share. Short term traders can watch for intra-day support around the  ...

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.

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.