Lower prices seen as oil posts Evening Star
The drive higher in prices over the past three weeks has been impressive and the speed has been exceptional.
Management and risk description
After shorts are set we would look to move stop to entry once the first target is achieved.
Entry: Sell OILUSOCT16 at current levels & $47.75/barrel.
Stop: A break above $48.75/b.
Target: $45.00/bl & $44.00/b.
Time horizon: 1–3 days.
— Edited by Clare MacCarthy
Non-independent investment research disclaimer applies. Read more