Crude Oil Weekly Volatility Analysis 12-16 Dec 2022 We c

12 בדצמ׳ 2022

Crude Oil Weekly Volatility Analysis 12-16 Dec 2022

We can see that currently the implied volatility for this week is around 6.51%, up from 6.33% from last week according to OVX data

With this in mind, currently from ATR point of view we are located in the 83th percentile,
while according to OVX, we are on 77th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 4.62% movement
Bearish: 5.6% movement

At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 21.3% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 76.33
BOT: 67.24

Taking into consideration the previous weekly high/low, currently for this candle there is :
30% probability we are going to touch previous high 76.2
67% probability we are going to touch previous low 70.1


Lastly, from the technical analysis point of view, currently from
Weekly timeframe indicates -66% BEARISH trend from the moving averages index
Daily timeframe indicates -80% BEARISH trend from the moving averages index
4H timeframe indicates -53% BEARISH trend from the moving averages index