WEEKLY MARKET DIGEST: BULLS ALMOST ERASE 2016 LOSSES, IEA SAYS OIL MAY HAVE BOTTOMED $DIA $GLD $QQQ $SLV $SPY $TBF $TBT $USO
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) IEA SAYS OIL MAY HAVE BOTTOMED, MASSIVE EURO SHORT SQUEEZE March 11, 2016 This is what you need to know today. IEA has just come out with the statement that oil prices may have bottomed. This is in sharp contrast to an extremely bearish statement from the agency last month. According to IEA, world consumption will increase by 1.2 million barrels and production will decrease bringing surplus from 1.7 million barrels per day to 200K