There May Be a False Bottom Right Now in Oil Prices

The carnage in oil prices as of late may not be over, according to David Yoe Williams, a panelist on TheStreet's Trading Strategies roundtable.

Yoe Williams thinks there very well could be a false bottom in oil prices. West Texas Intermediate, the U.S. benchmark for oil, traded at over $47 on Wednesday.

While Yoe Wiliams isn't expecting a major move lower, he thinks oil could move back to the $40 range. 

This article was written by a staff member of TheStreet.