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Why I believe oil will go lower: O'Hare

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October 13, 2016 commodities oil, crude oil, crude oil prices, saxobank.com, saxotradergo, short oil, short-selling, steve ohare first 4 trading, technical analysis, technical charts, tradingfloor.com, wti crude
Steve O'Hare of First4Trading.net discusses in a technical chart analysis why he is short oil.

O'Hare is looking to sell at $50.50/b with targets at $49.15 and $48.25/b. He has a stop at $51.60/b.

O'Hare features technical analysis of a selected trade every Thursday on Trading Floor.

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