This pull back was a gift. Staying flat on Natural Gas.....no positions. Still adding on to all my oil positions, from the ETFs, to the STocks to the Futures... Oil is setting up for another run.... Yes, even with the "OVER-STOCK OF OIL IN THE WORLD".
This may come as a surprise to you but the OIH ( and in general the entire oil stock complex ) has been surging since April 1st and recently took out the early January highs.
Fundamental analysis is completely arbitrary. The chart (unfiltered, organic, unvarnished) never lies. (Indicators lie all the time)
I'm a laid off driller, so I hope your right... However, nearly everyone I speak to in the oil patch from Alaska to Texas says tougher times ahead....