Will Oil see a rally in December and give an EOY push?
Oil is in a cool spot right now where bulls have and are continuing to buy the dip around 67/brl. If this continues this can be a local bottom for the winter IMO as crude seasonally has a strong December/EOY.
Seasonality doesn't always have 1:1 correlations but over 30 years it has shown a strong positive correlation to an upward move in Oil and energy.