The CBOE Crude Oil EFT Volatility Index OVX whi

first_img The CBOE Crude Oil EFT Volatility Index (OVX), which measures anticipated volatility of crude oil prices (this sector’s answer to the VIX), is starting to break down after two-plus months of range-bound trading. Oil won’t retest $100 per barrel anytime soon, but the panic in oil appears to be over. Waning crude oil volatility suggests that oil’s decline is over. This is the same trend I highlighted in mid-February when other key sectors were using the lapse in volatility to break out.last_img

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