E-Mini Crude Oil Futures Volatility Forecast (22/11/2010)

The volatility in the Crude Oil market is moderately high but we still think that readings of 1.5% (23% annualised) are still too low for such a market.

Furthermore, crude oil prices should lower because of the seasonality effect that every year drives oil futures down during the last stage of the year.

On the other hand, an ulterior weakening of the dollar caused by the currency war could maintain prices around $ 83 – $ 84 a barrel but the staff of HyperVolatility is still firmly bearish and therefore advise you to prefer the short side of this market and sell back your longs.

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