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Why I’m buying WTI crude oil: O’Hare
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Steve O’Hare, of First4Trading.net, explains in a technical analysis of charts why he is trading WTI crude oil.
He is planning to buy OilUSJan17 at current levels and on a dip to $51.75 per barrel. His stop is a break back below $49.50 per barre and he is targeting $54.50 & $57.00 per barrel.
O'Hare, who is guesting in a Tuesday slot this week, features technical analysis of a selected trade every Thursday on Trading Floor.