Seasonality plays a significant role when it comes to the path of least resistance of some commodity prices. The production of raw materials is a local affair in parts of the world where the crust of the earth contains energy, minerals, and metals or where the soil and access to water support the agricultural products. Consumption is ubiquitous, as people worldwide require raw materials that power their lives, provide nutrition, shelter, and clothing.
Commodities are stables, but they can be highly sensitive to macroeconomic factors such as global growth or contraction. The US dollar is