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Oil looks bearish: O'Hare

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August 17, 2017 commodites, oil, saxo bank, saxotradergo, steve ohare first 4 trading, trade idea, tradingfloor.com
Steve O’Hare, of First4Trading.net, explains in a technical analysis of charts why he is trading the Oil. 

O'Hare plans to sell OILUSOCT17 at current levels and on a rally to $47.50. He has a stop at $48.20 and his target is 45.70.

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