BofA Says It’s Time To Sell WTI Crude With A Price Target As Low As $35; Here’s Why
by Tyler Durden
ZeroHedge.com
05/09/2016
To Bank of America the relentless surge higher on algo-momentum driven buying has proven too much, and the bank’s strategist Paul Ciana has come out with a new trading recommendation as follows: “Sell WTI Crude Oil: Sell crude oil into event driven stress at $45.75, stop at $48.25. Target market profile levels of $38.50 and possibly $35.25.”
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