In the last 20 years the average return was the following on a month to month basis:
Jan: -.7%
Feb: +.5%
March: +.9%
April: +1.4%
...
May: -.5%
June: +.4%
July: -.6%
August: -.1%
September: -.4
October: -1%
November: -1.1%
December: -.5%
We are entering a seasonally negative cycle and a critical level this month (PER THE 200 MONTH MOVING AVERAGE). Watch how it closes at the end of APRIL.
Jan: -.7%
Feb: +.5%
March: +.9%
April: +1.4%
...
May: -.5%
June: +.4%
July: -.6%
August: -.1%
September: -.4
October: -1%
November: -1.1%
December: -.5%
We are entering a seasonally negative cycle and a critical level this month (PER THE 200 MONTH MOVING AVERAGE). Watch how it closes at the end of APRIL.
Comment:
And exactly 2 years later... I think we are now pushing toward the final major impulse wave down. Maybe see $10 on the front month and around high teens on the June contract. After this I'll be interested in buying. The virus and global lockdown may end up being very bullish for oil as production comes to a major slow down.
