In my newsletter release at the beg of Feb for January, I stated to look for a large upmove in Oil due to the commercials shifting to a heavy long position right at the ideal time for a seasonal low.
The tendency for a rally in Crude starting in Feb is one of the strongest and most consistent seasonal patterns that exists. When you couple that with the real pros the commercials being heavily long, you had about as good a setup for a rally as you are ever going to get.
If oil at a 100 is a surprise, you just need to learn what really moves markets, and it is not emotional opinions. Many here are heavily focused on fundamentals in RE, so why not be similarly focused on fundamentals in other asset classes?
