Forex Books Talking

This appears to be an on-going disaster for oil companies, the banks who loaned money to frackers, oil exporting countries, global stock markets and others.

Conventional wisdom suggests that crude oil prices will stay low for a long time because of low demand (global recession), huge supply (Iran, fracking, etc.), decline in commodity prices globally, and at least ten more reasons.

In observing the enormous triple digit percentage gains achieved amid Crude Oil's northward thrusts versus its debilitating double digit losses during its major spills

losses during its major spills, it becomes rather clear why market participants prefer buying low in a newly forming bull market vs. selling short at the onset of a bear market.

On a relative basis, in the not too distant future, a cyclical bottom will form and the long-term trend in Crude will reverse to the upside - providing bullish speculators with yet another rare opportunity at the chance of humongous triple digit upside returns.

Inventories will continue to rise, but the momentum is slowing.The following are some observations as to how we got here and how we're gonna get out. 9 reasons why oil has taken so long to bottom

1. OPEC increased production in 2015 to multiyear highs, principally in Saudi Arabia and Iraq where production between the two added 1.5 million barrels per day (mb/d) to inventories after the no cut stance was adopted.

Oilprice.com recently spoke with Carl Larry, Director of Oil and Gas at Frost & Sullivan, a consultancy that conducts research on oil and gas markets, to get his thoughts on the state of oil in 2016.

This is a common problem and everyone goes through it. Newbie should gradually come to understand that he is engaged primarily in forecasting price movements and the more points it will take the more its potential profit, but for this it is necessary to understand what laws are being built and try to use them as efficiently as possible.

Oilprice.com: I saw that you were on Bloomberg in December, and you said that you thought oil would go to the low $30s per barrel, which was a good call at the time,

which was a good call at the time, before OPEC would sort of relent. Do you see any chance that OPEC can actually coordinate any production cuts?

The crude oil price hit a new low on Wednesday of just under $27, prompting many doom merchants to emerge to proclaim / reaffirm that $20 and even $10 is on the horizon. However

$20 and even $10 is on the horizon. However, on following day the oil price rallied strongly to just shy of $30 to end Thursday at $29.85 and this morning has popped just above

$30 to currently stand at $30.20. With the key question being asked is are we witnessing the early stages of an oil price bottom (WTIC) or is this just a few days of calm before the next oil price crash storm?

Warnings from the IEA and new lows in key global benchmarks continues to weigh on the outlook for energy prices, hurting the foremost global oil and gas exporters