Trading WTI crude oil on the downside: O’Hare

Oil prices have dropped 17% since mid-March and hopes of a universal production cut are fading. Using technical analysis Pia-first.com’s Steve O’Hare explains how he plans to trade WTI crude oil on May contract. Looking at a two-hour chart he is aiming for a target of USD 33.00 selling in front of USD 36.50 with a stop at USD 37.50.

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