Today’s chart of the day was shared in a note from Callum Thomas (@Callum_Thomas). It’s a seasonality chart of WTI Crude Oil showing how the prices typically move in a year. Overlayed in red is how Crude oil has performed thus far in 2019. In the note, Callum explains: “the slump in oil prices came just after the end of that positive seasonal patch.” He adds that Crude Oil prices tend to pick up toward the end of June. In a recent report, we highlighted the high correlation that exists between Crude Oil and the S&P 500. If prices follow their seasonal trend, and Oil prices begin to rally, it would likely be a positive for stocks.