Evolution Message Board - Msg: 29828155

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Politics : Evolution

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To: 2MAR$ who wrote (63453)	11/28/2014 10:02:00 AM
From: ItsAllCyclical	Read Replies (1) of 69300

Oil service still highest beta w/in energy group. Even though EMES is a specialty play within that sub sector it's still going to be hit w/the same fund flows. Just looking at OIH TA I would think 27-32 range could be tagged on this multi-month decline given the continuation pattern formed during Oct/Nov and now the break lower. Really depends on if oil can recover, but it's looking more and more like a new trading range for WTI in the 60-78 range for the foreseeable future with the bias being to the downside ST. Not saying you can't make money trading EMES if you're nimble just not my trade at this point. Nat gas producers getting hit as much as rest of sector today. Should be some value there maybe today or very soon.

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