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Oil poised to rise: O'Hare

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June 27, 2017 commodites, futures, home.saxo, oil, saxotradergo, steve ohare first 4 trading, tradingfloor.com
Steve O’Hare, of First4Trading.net, explains in a technical analysis of charts why he is trading WTI crude oil (US August ’17).

O'Hare plans to set longs at current levels and on a dip towards $43/barrel. He will set a stop at $42/b and his targets are $45/b and $45.83/b.

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