This oil ETF is showing signs of a possible turnaround, according to the charts
CNBC: Investing
JULY 23, 2025
Needless to say, OIH must do a better job of first negotiating this cluster of resistance and then proving it can advance even while overbought — something it hasn't successfully done in over a year. Lastly, here is a weekly chart that goes all the way back to 2005. Historically, those moments have coincided with faded advances.
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