This morning, most of the leading oil service stocks are trading higher to start the day. The Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading higher by 0.20 cents to $39.29 a share. Short term traders should watch for intra-day resistance around the $39.48, and $39.65 levels. The daily chart for the OIH is now facing fairly strong resistance around the $40.00 level.
Some leading oil service stocks that are climbing higher today include Halliburton Co (NYSE:HAL), Schlumberger Limited (NYSE:SLB), and Baker Hughes Incorporated (NYSE:BHI). All of these leading stocks will generally trade in tandem with the OIH on an intra-day and daily chart basis.