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CBOE Crude Oil Volatility (OVX)

CBOE
Currency in USD
44.74
-0.87(-1.91%)
Delayed Data

CBOE Crude Oil Volatility Discussions

33 soon
OVX 43.79 @ Close!
HO 3.950: heating oil holding well
HO 3.950: heating oil holding well
long 103.60 sl 102.60 tp 111.00 current WTI: 103.60
sl triggered 102.60
WTI 101.60: long 101.40 sl 100.40 tp 106.00
closed long 103.36
WTI now: 103.36
Look like more serious traders here.Probably this is a bettter place to post my WTI positions ,just outright not options. I will use this platform to fine tune my own trades ( https://www.investing.com/members-admin/sentiments/futures ) I dont know or give fundamentals comments . Just posting the positions,SL and TP will explained my views.
Currently WTI open position : Short 100.58 SL 101.00 TP 93.00
My trades are just for my track records but healthy comment are welcomes.I may liquidate my positions before TP but will reenter again at a better price. TP is just the trend target but SL will be less than 2% . GLTA
cover all shorts 101.00
Nothing from John for 5 months. What is your take on oil and gold at the moment?
∑ Perspective - Prior arrangements have been erased - they will never return to the Status Quo. Difficult to believe, comprehend and accept as denial far less demanding. Humanity faces extreme challenges. We all have important choices to make in the present and for the future. Personally, I have made the decision to spend time focused upon more immediate circumstance. I wish everyone here the very best. Please take care of you and yours.
All the best John, i appreciate all your contributions
John, how to prepare for what is to come? does it make any sense to invest in the physical when it will, quite likely, be confiscated? or maybe it would not be possible to sell...
The collapse in CONfidence is here.
Intra-Day ∑ - The FED has broken the VIX, but the Indicies are not performing to the upside as they should. The probability of a squeeze to mirror last Thursday has played out to a degree, albeit, far more muted than 4000+ ticks of upside. Crude and Gold we turned to boost confidence once again. We remains 2600 points below the Full HWB for the YM @ 23851. Given the weakness in Price overall and intense volatility in Commodities, the balance of this week is going to be telling. We are running out of time for the Markets to perform - the desperation is best seen in Crude Oil. Appears to my tired eyes we are witnessing the final lift prior to the collapse in Prices Globally. Commerce around the Planet is closed and not going to reopen for business for months on end. Good luck and trade safe, time is quickly running out. I anticipate tomorrow will end up a compete disaster.
U.S. Challenger Job Cuts @ 222,228 - Important Macro Data this morning with GSCO leaking a 5M+ Initial Jobless Claims above the 3.5M Estimate. Trade Balance, Durables, ISM, Factory Orders and more is due into the EU close. Last Thursday - Price moved higher quickly as an unrelenting AIQC bid hit and never looked back. As the Federal Reserve begins draining liquidity today, the reaction will be telling. Last week's move up brought Prices up to new highs. Another Squeeze... we will see. Technically , we are ranging between 2 Levels, the ranges remain quite large and dangerous. Opposing setups are abundant, extreme caution warranted - use Micros with Price Ladders for increasing Volatility today.
∑ Our ranges continue to expand for the Indicies, 2448 to 2723 ES / YM even wider @ 20770 to 23815 - enormous ranges. For CL 2116 to 2227 w/ 2190 TGT. Last week into Jobs data, the prop could continue... we will see. This either sells to Targets and then returns to the Weekly Inside or its collapse in Price again. The VIX breaks up and over the 52.60 level - 98 is the Target. Hopefully it does not fall apart until later, It is time and Price is cooperating, the timing has worked off Tuesday, we will see if it i supported again as the FED is pulling back and choking things off. Good Luck, Trade Safe.
CME accepts 400oz London's Bars, no re-melt, simply 400oz or pound sand if you want delivery. Phillipines Gold from Yamashita's Stash now available, own a piece of History. On sale until it runs out... which is likely never. Paper Gold safe again :) CASH Settlement when 10X World Gold Council Supplies dry up... which is never. Simply depends on how much is willingly supplied.
11:30AM EST Period sets up continuation of the Trend or Reversal, Profit taking and then where as Euro closes up. Crude managed to trap a number of buyers at lows and has a Lower Price Objective of 18.88. The EIA misses by 10.3Mbbls... excellence again. A potential pullback in Gold to 1591s may well be in trade, GC has tended grind up, but need a pullback. Interesting price action as Russia announced they will suspend Gold purchases indefinitely.
Hi John jun/jul/aug/sept etc were selling eg down 3-6% and current contract up on nasty index day your thoughts on what that indicates. ty
 Oil Dumping all over the Globe reared its head overnight there and here, just ugly.
Seevol Cushing Storage Report  +3.390M
13.8mbl Build
 Yep    Gasoline Inventories  +7.524M
∑ The Horror Show begins - Macro Data should provide insights into the dire state of the US Economy. NFP to PMI will be a lesson in abject collapse of the US Economy. The FED either provides relief to Equities or we have seen the highs for this retracement, an enormous front run of the Full 50% from highs to Lows 29541 to 18066. Price did not manage to make a higher high above the 38.2% 22460 vs 22541 with 22388 as yesterday's Sell. There was an intense weakness all day, Volumes were ghostly... It's all up to the FED. 21000 has been violated, 20770 the level to watch. The is trading well above Support, will the FED sell it off Resistance? We will see.
VIX was falling with Indicies earlier, was lit up trading against the FED Propers most of the Day. It was not until the Last hour it began to move inverse. Quarter end and very nervous markets. Crude was unable to sustain the Overnight High TGT of 20.94 (although it exceeded by 100 ticks) - Gold was entirely smoked as anticipated, GOLD seems to be suggesting the deflationary collapse is very near. Although the YM has made another higher low, it is going to take the Prop Desks outright buying not only Futures, but Equities. The spread between the Cash Dow and YM Futures remains highly volatile. The Indicies traded their HWB on the Micros this hour, the VIX remains in its downtrend, but the ranges and interventions are growing increasingly dangerous. The undercurrent looked as if we were seeing a clear undertow... it finally appeared after 2:30PM EST. A "messy" day delivered. TECHNICALLY -  we have not broken the uptrend.
TRUMP pushed, shoves and berates CONGRESS into another $2Trillion in Stimulus.
At the moment the reaction appears to be a double top @ the ***38.2% @ 22,463 for the YM as Price was able to move through and break the high @ 22541, that is a large front run, we'll know soon enough it was for real, Judging by CL's Price action... looking nasty, but the FED might turn it. Post
I was anticipating a YM move to 22750-800. Price action has been very weak all day with multiple failures at levels inside of the smaller setup, the ranges are so wide that confirming a break requires Price to move through prior weeks lows...
Long Stops Hit, very nasty at present with the VIX in rally mode.
Possible Reaction to NY covid 19 - 75k as of now
NY Filled at .618 of the draw ;) I'm long for an all day grinder higher.
GL : )
YM - The 20770 to 22541 is the current draw as we are still inside of this range.
∑ - The YM did not exceed the recent prior high @ 22460. I anticipated the 22500 level during the overnight session, the high - 22388. CL has a large front run of its profit target @ 19.27 during the afternoon session, reversing 200+ Ticks into the close. "Social Distancing" expanded greatly across the US yesterday afternoon as States began adding themselves to the ranks of quarantine. We will see where the higher Targets are OR whether they exist at all. I anticipate they do and that the HWBs will come into range. Gold has sold off nearly $100, Bonds remain at level holding up while accumulation continues. The short end of the curve remains under pressure. The FED has clearly increased actions and has floated another trial ballon of equity purchases to support markets. The AIQC runs unopposed as Volumes are very low. Macro Data continues to turn increasingly horrific as the illusion of stability is supported... for now.
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