Hey traders today I wanted to go over the best Seasonal Patterns in the Crude Oil Futures Market. Crude Oil and other energy markets follow an annual reliable seasonal pattern due to supply and demand. Knowing when to find these seasonal market patterns on your charts can really benefit us in our trading.
while there's undoubtedly seasonal factors, as well as supply/demand factors, as well as investors/funds that trade based on technicals therefore influencing the price itself... OIL follows heavily the world political scenario (whether is a pandemic, or a war, or political contrast between OIL and GAS producing countries).. the video was very interesting, thanks for sharing !
TradeTheIndex
⋅
My Pleasure friend! Yes you hit the nail on the head many geopolitcal world factors that can influence price at any time. But definetly the seasonal factors with technicals I think helps get a good entry point following the annual supply and demand cycles.
OIL follows heavily the world political scenario (whether is a pandemic, or a war, or political contrast between OIL and GAS producing countries)..
the video was very interesting, thanks for sharing !