| Oil prices have been on a downward spiral for roughly 20 months now because of an oversupplied market that is made even worse by a soft demand for oil globally. But exactly how low can oil prices go? If you’re a trader, it’s imperative that you know if prices are reaching their lowest point or have bottomed out, because in a competitive market like oil trading, recognizing trends before they actually occur can spell the difference between profits and losses.
If you wait for analysts or industry groups to crunch numbers and churn out reports that confirm that prices have reach their troughs, chances are, it will be too late and you would have missed your window of opportunity to buy low and sell high...............................................Full Article: Source
|