WTI Bears Dump Oil Back Below $20

Direct from the desk of Dane Williams.

Last week with Oil rallying on whatever the headline of the week was, we highlighted that the technicals still showed the WTI bears were in full control.

"You can see that there's been zero technical damage done to higher time frame resistance and all that tells us, is that the bears remain in full control."

Well, that headline soon turned to shit and price that was right up against daily resistance, dumped straight back down to lows once again.

WTI Daily:

I wonder how many retail traders, heck even commodity funds, have their stops sitting at fresh lows...

Surely it can't go much lower than this, right?

Spoiler alert: It can.

Best of probabilities to you,

Dane.

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