Trading Evolution

Markets are never wrong - opinions often are

Oil is going to rally soon

After the worst first week of trading it is good to remind everybody that the market does not always go down. Stocks are paying close attention to the price of oil recently and if oil starts to recover so will stock prices. Seasonal factors are a strong force in price of any commodity and oil is not an exception. Next week marks the end of negative seasonal factors and the start of positive seasonal tail wind for oil. If oil starts to stabilize and go higher the markets will feel better after rough start of the year.