Market Overview

Adam Sarhan On Why Sarhan Capital Is No Longer Short Oil


Adam Sarhan was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.

Sarhan Capital CEO Adam Sarhan discussed crude oil prices on the show.

Sarhan said the firm covered its short positions approximately two weeks ago and was no longer short oil.

"I feel that crude oil right now, is struggling really hard to find this bottom but it's [been] trading for the past few months right near $50," Sarhan said.

"It's forming a bullish double bottom pattern," however, it was still range-bound, and Sarhan cautioned that prices could still fall if the recent lows are taken out. If so, the mid-$30's could be tested.

To hear more from Adam Sarhan, listen to the show here:


Related Articles

View Comments and Join the Discussion!

Posted-In: Adam Sarhan Sarhan CapitalCommodities Exclusives Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at