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Why I'm looking to sell oil: O'Hare

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Steve O’Hare, of First4Trading.net, explains in a technical analysis of charts why he is trading Oil. 

O'Hare plans to sell OILUSNOV17 at $50.00/b and on a rally to $50.75. He has a stop at $51.00 and his target are $48.35 and $47.50.

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