Broke out of uptrend with high volume. CFTC showed specs were long, so there is plenty of room to the downside.
Spreads have been weak and option volatility was low before breakout. As it broke to the downside, longs scrambled to protect with an downside puts and panic left option vol to increase by over 6 points.
On the downside, i am looking into the trendline around 46ish.
I would expect a breather there. if it holds, great, but production in the US is up.
Only an agreement between Russia and the OPEc on production cuts could truly turn this around.
Spreads have been weak and option volatility was low before breakout. As it broke to the downside, longs scrambled to protect with an downside puts and panic left option vol to increase by over 6 points.
On the downside, i am looking into the trendline around 46ish.
I would expect a breather there. if it holds, great, but production in the US is up.
Only an agreement between Russia and the OPEc on production cuts could truly turn this around.
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これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。