I continue to believe the energy sector provide excellent long opportunities. The hourly OIH chart illustrates this well. OBV tells the story….buy the dips, especially today on the backtest. With S&P poised to rebound, this looks like a good risk/reward entry and the stops are obvious.

OIH

Here is one of my monthly WTIC charts showing how rare it is to get long term investment opportunity in oil/energy like we have now. yet another view of why I have an initial target set at $62.

WTIC