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Why I'm bullish on oil: O'Hare
Steve O'Hare, of First4Trading.net, discusses in a technical chart analysis why he is long oil.
In the short term O'Hare plans to buy at current levels and on dips down to $49/b. His targets are $50.90 and $52 and he has a stop at $48.
In the long run O'Hare looks to buy at $51 with targets at $62.55-64.78 and $75. His stop is at $42.50.
O'Hare will feature technical analysis of a selected trade every Thursday on Trading Floor.
Non-independent investment research disclaimer
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03:29 minutes
Tags: crude oil, oil, oil market, oil price, saxobank.com, saxotradergo, steve ohare first 4 trading, tradingfloor.com, wti, wti crude oil, wti price
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