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 at $44.44/barrel. His stop is a break of the recent low at $43.62/b and his targets are $46.00/b, $46.50/b and $48.88/b.

O'Hare’s technical analysis of a selected trade usually features every Thursday on Trading Floor, but this week features on Tuesday.

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