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O'Hare: Short-term selling WTI despite Saudi agreement
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WTI will flow lower according to Steve O'Hare who sees a negative trend lower in an Expanding Wedge pattern as a signal for prices to fall.
Steve outlines his trade strategy and says "From a short term intraday perspective we look to sell into the top of the wedge today around the high of the last 2 days of $42.75."
Targets: USD 40.50
USD 39.85
USD 37.75
Stop: USD 43.25