So, it’s time to buy? 😁
At this point, the smarter trade would be from the SEP(ish) high to FEB low - followed by the mid FEB(ish) low to MAY(ish/Memorial Day) high.
But track the commercials through the CBOT reports and charts. This is the greatest of keys, most of the time. Commercials rule the commodity markets. Enter on solid “technical formations”, trade with expiration date buffers, but never be on the opposite side of the commercials.