March is the strongest month for oil over the past 30 years
Front month WTI crude futures have averaged a 3.6% gain in March over the past 30 years. The effectiveness of buying in the month has ebbed in recent years but the Feb-April period remains the worst time to bet against oil.
I think a beautiful counter-trend squeeze in oil is underway. It will suck in all the bottom pickers before they're blown out by the crude glut beginning at the end of Q2.
