There are mixed driver’s for oil right now. Middle East tensions mean the risk of contagion on the region could impede global oil supply. An Iranian involvement in the Gaza/Israel conflict could send oil sharply higher. However, on the other hand, worries about continued slowing Chinese growth, a Eurozone narrowly avoiding a technical recession, the Russian/Ukraine crisis and a plentiful supply for the oil market is keeping oil pressured lower.

The seasonal bias though for oil is particularly noteworthy, so will this mean dip buyers from lower prices are a great idea? Check out the video for more details!

The major trade risk here is that oil’s strong seasonal pattern is impacted by one of the many factors influencing oil markets right now and even lower prices are ahead!

Remember don’t just trade it, Seasonax it!