Technical Analysis of Financial Markets

Monday, January 15, 2007


Unseasonally mild weather has sent oil prices plunging some 22% to a 19-month low in a period of just a month. As short sellers cover with the possibility of OPEC convening this week to discuss production cuts, the following selection of oil and oil-related services stocks may be poised for a technical recovery over the quarter:

Halliburton Co. (HAL):

Schlumberger Ltd. (SLB):

BJ Services Co. (BJS):

Chesapeake Energy Corp. (CHK):

Helix Energy Solutions Group, Inc. (HLX):

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