iShares U.S. Oil Equipment & Services ETF
One of the items I'll be including for my client/desk research for tomorrow:
iShares U.S. Oil Equipment & Services ETF (Last: $15.72)
With oil majors in a much better position compared to prior years, we could see the suppliers to these majors start to be benefit as capex potentially rises.
You could look at it as a "during a gold rush, sell shovels" type of scenario.
I find this type of technical structure very attractive, with price having consolidated for an extended period while again testing the upside range.
I think it breaks and has a run here (medium term view).
For more real-time insights and trade ideas, get in touch today.
iShares U.S. Oil Equipment & Services ETF (Last: $15.72)
With oil majors in a much better position compared to prior years, we could see the suppliers to these majors start to be benefit as capex potentially rises.
You could look at it as a "during a gold rush, sell shovels" type of scenario.
I find this type of technical structure very attractive, with price having consolidated for an extended period while again testing the upside range.
I think it breaks and has a run here (medium term view).
For more real-time insights and trade ideas, get in touch today.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.