This morning, many of the leading oil service stocks are trading slightly higher on the session. Today, the popular and highly followed Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading higher by just 0.02 cents to $42.37 a share. The current pattern on the daily chart of the OIH signals a potential move down to the $40.85 area, this level should be short term support for the OIH. Should that level fail to hold up the next daily chart support level for the OIH would be around the $39.30 area. ...
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Global Hunter Corp. (TSX.V:BOB) (FSE:G5D) has arranged a $2,500,000 loan to advance its Corona de Cobre project in Chile. The proceeds from the loan will be used by Global Hunter to fund project expenses and for general working capital purposes.