SaxoTV

O'Hare: Short-term selling WTI despite Saudi agreement

294 views
November 24, 2015 OI, commodities, commodity, commodity market, commodity strategy, commodity trading, investment, iuoi, oikl, oil, oil 100 price, oil 50 a barrel, oil 80 a barrel, oil and gas, oil and gas engineer, oil and gas services, oil and gold, oil asia, oil barrier, oil bounce, oil bounce', oil capital expenditure, oil cargo, oil commodities, oil companies, oil company, oil consumer, oil crash, oil crisis, oil currencies, oil currency, oil decline, oil declines, oil demand, oil down, oil drop, oil egypt, oil equity, oil exploration, oil futures, oil gains, oil gold corn, oil grilling, oil growth, oil hits 80 dollars, oil industry, oil inventories, oil iran, oil levels, oil libya, oil market, oil market', oil market', oil markets, oil news, oil opec production, oil outlook, oil pressure, oil price, oil price fall, oil price targets, oil prices, oil prices 2015, oil prices historic, oil producers, oil production, oil range, oil refinery, oil sector, oil selloff, oil services sector, oil shutdown, oil spread, oil stockpiles, oil stocks, oil supplies, oil supplies threatened, oil supply, oil tankers, oil target, oil targets, oil trading, oil trading', oil trading', oil up, oil us shutdown, oil wealth, oilsupply, oioi, opinion, saxo tv, tradingfloor.com, wti, wti and oil, wti brent, wti brent spread, wti crude, wti crude oil, wti price, wti russia, wti supply, wti vs brent, wticrude
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