With this view in mind, I am looking for a bearish setup in the VanEck Oil Services ETF . This ETF seeks to track the largest, most liquid companies involved in oil drilling and selling oil equipment based on market capitalization. Its largest holdings include companies like Schlumberger and Halliburton. To confirm my bearish, I have taken into account two factors: Although OIH is approaching a multi-year high, the $360 price level could also serve as overhead resistance.
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