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Oil Services Stocks In Play

|Includes: VanEck Vectors Oil Services ETF (OIH)

 The Oil Services Holders Trust(NYSE:OIH) is trading slightly lower on the session by $1.16 to $138.26. The move lower comes after a U.S. presidential commission blamed BP plc(NYSE:BP), Halliburton Corp.(NYSE:HAL), and Transocean Ltd.(NYSE:RIG) for the gulf oil leak that occurred in April 2010. The OIH should have short term intra-day support around the $137.60 area. Should the OIH decline further the $137.00 area would be the next important intra-day support level. Traders could see intra-day bounces from both levels.

Nicholas Santiago