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Why I'm selling oil: O'Hare

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June 01, 2017 commodiites, saxobank, saxotradergo, steve ohare first 4 trading, tradingfloor.com, wti crude oil
Steve O’Hare, of First4Trading.net, explains in a technical analysis of charts why he is trading WTI crude oil (US July ’17).

He plans to set shorts at current levels with a target at §46.46/barrel. His stops are $49.82/b or $50.27/b.

O'Hare’s technical analysis of a selected trade is featured every Thursday on Trading Floor.