Morning, here are volatility adjusted trading ranges for today
ISF Last $678.3. ( 690.2-------661.3)
MIDD Last. 2103. ( 2127-------2028)
Vixx last 16.9 ( 18.1-----16.8)
Oil Risk Range 14/04/2021
Risk range for Crude Bullish
Last Price (60.96)
Top Range 65.96 Low Range 58.50
Oil Volatility (OVX) last 35.26 Bearish Top Range 42.72 Low range 35.51.
This is an interesting one because the oil price is near the low end of the range and it's volatility is at the low end of the range.
One of two possible scenarios ;
A) Oil vol keeps getting compressed and it blows past the low end of the range and oil goes a lot higher. Or