Oil Prices are Rising and Poised for a Breakout https://www.cnbc.com/2019/02/15/oil-prices-are-rising-and-poised-for-a-breakout-watch-these-levels.html This coincides with the onset of strong seasonality period for crude futures FWIW.
https://www.equityclock.com/charts/crude-oil-futures-cl-seasonal-chart/ Crude Oil Futures Continuous Contract (CL) Seasonality
Analysis has revealed that with a buy date of December 24 and a sell date of August 21, investors have benefited from a total return of 344.86% over the last 10 years. This scenario has shown positive results in 9 of those periods.
Conversely, the best return over the maximum number of positive periods reveals a buy date of December 24 and a sell date of August 30, producing a total return over the same 10-year range of 331.05% with positive results in 10 of those periods.
The buy and hold return for the past 10 years was 60.62%.
