OIH is breaking to new highs, potentially breaking out of the wedge it has been stuck in since bottoming. A potential new Arab Spring in Iran and coming disruption in Venezuela should boost prices through the year. As WTI Crude TVC:USOIL continues to hit new highs yet diverge from OIH , I've become to worry that OIH will not see the same gains after hitting a multiple top. This may be an opportunity to buy at a discount. XLE seems to tracking more closely to the price of oil and could be a nice way to diversify closer to crude though at a premium to OIH .

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