17 Apr 2020
WTI stops triggered on a break below $19, fresh 18-year lows
- WTI breaches $19 mark for the first time since January 2002.
- Sell-off intensified as stop losses triggered below 19.00.
- Dollar strength, oversupply concerns weigh heavily on US oil.
WTI (futures on NYMEX) saw aggressive selling over the last after the stop got triggered below a break of the 19 mark. The bears regained the 18 handle for the first time since January 2002.
more to come ...