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Oilforecast

OIL Weekly Forecast 14-18 November 2022OIL Weekly Forecast 14-18 November 2022 Currently the implied volatility for this asset is around 6.59%, up from 6.36% of last week. From volatility percentile, point of view, we are currently on 66th from ATR and 66th from OVX index. With this volatility percentile values into account we can expected on average that the weekly candle is going to be: 4.56% for bullish 5.01% for bearish With the current IV, we can expect with a 71.0% probability that the market is not going to close either above or below the next channel: TOP: 94.68 BOT: 83.35 Lastly, based on previous calculations, we have: 31% to hit the previous weekly high of 93.8 65% to hit the previous weekly low of 84.65
NYMEX:CL1!
by exlux
High-risk buying opportunity USOIL !The price is now within the buying areas, but it is high risk, and is now based above the moving average 200 with an uptrend and within the demand area, but with this there will be risks, if it closes below the demand area, there will be more downside. It is an opportunity worth entering into, but with a small contract that fits your wallet Note: Opportunities do not end, but your account may expire quickly if you covet this market. 🔥💥 Like, Shared and subscription 💥🔥 Note: If you are a beginner trader, you should be aware of these rules: 1: Do not covet 2: Don't trade too much 3: Secure your positions after entering the profit 4: Enter contracts that fit your portfolio 5: Adhere to all recommendations
FX:USOILSPOTLong
by zaidhatem
Crude Oil Volatility Forecast 7-11 November 2022 Crude Oil Volatility Forecast 7-11 November 2022 We can see that this week our volatility is at 6.63% which declined from 6.88% last week. Currently according to ATR we are on 61th percentile, and according to OVX we are on 85th percentile, indicating in both cases, that we are currently is volatile market. Now, based on the implied volatility data that we have for this week, lets look into further details. We can see that currently there is 29.1% chance, that our candle is going to close at the end of the week either above/below the next channel TOP: 97.25 BOT: 84.73 This can also be translated as a 70.9% chance that the market is going to move within this established range. At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a 71% chance that we are going to touch the previous high of 93.05 30% chance that we are going to touch the previous low of 85.5
NYMEX:CL1!
by exlux