A simple histogram chart of Crude oil seasonality, over a 10 year period below.
Are we likely to see some sort of a floor to the current decline in the high bullish probability month of Feb. which may last until June 2016 ?
I hope we see a benefit of this drop at the pump when we fill up next time. Only a hope, no more.
Seasonality chart of Brent Oil over a 10 year period.
Chart is courtesy of StockCharts.com
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