Let’s start with OPMB.  Currently we see that this is inside a range.  However, it is showing some signs of bullishness.  It may be one of the better looking charts for a company involved in oil, but we also have to remember that this seems to have too many shares floated. This could explain why compared to other oil issues, this one seems to move like a snail.  But all the same, this could be something to look at.

What about the favorite stock of everyone (well, almost everyone), GEO? After it’s spectacular run since mid-2005, it is now clear that it is consolidating inside one huge symmetrical triangle. For the moment, it is testing and breaching the support of the triangle. I think it is now up to “graceful” hands to keep this afloat.

The mining stock that actually attracts me for the moment is LC. The previous trend since August was nothing but sideways, as we can see with the oscillating moving averages. After it reached the low in August, it seemed to have hit rock bottom before kicking itself upward, pausing momentarily during September & October. Starting November, we had a wild time with its consolidation. If anything, it may be that LC & its B shares may have some promise when the market continues on with its bull run, whenever that is.

Will this year prove to be another banner year for the Mining & Oil Sector? We’ll see, and I hope my crystal ball from Quiapo doesn’t have any cracks in it.

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