Soon after the yanks exit winter comes Memorial Day -- Indy 500 weekend, 28 May -- this is the beginning of "Driving Season." For nat gas it may be a shoulder season between gas for heating/electricity to gas for electricity for air con.
Here's oil's seasonality:
Knit together BYE/OEL production, which may begin in March, but BYE states March QUARTER and the timing is like clockwork.
Further, the yanks are very keen on lowering the USD. This will make commodities go UP in price. For producers outside the US their currencies will increase against the USD thereby decreasing profits, BUT US producers will be less affected, except when they import gear or repatriate profits.
Then there's the Saudi-Yemen-Iran situation...
OV
BYE Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
