No doubt the oil complex has been very tricky to navigate.
Monday we have crude surging higher on potentially tighter supplies, and the group is performing well across the board.
However, some names have lagged, and Halliburton Co. (HAL) is one of them. The stock is stuck under the $33 level and continues to be repelled from there.
Volume has picked up a bit lately and that might be a good sign. RSI is strong but is turning lower.
We could see the stock move sideways a bit here, and if HAL makes a higher low, it could finally break the ceiling.
Still, it's probably best to wait for that to happen.