Sigma-L - Market Cycles

Sigma-L - Market Cycles

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Sigma-L - Market Cycles
Sigma-L - Market Cycles
Crude Oil Volatility (OVX) - 11th December 2023 | @ 52 Days | - 3.24%
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Energy

Crude Oil Volatility (OVX) - 11th December 2023 | @ 52 Days | - 3.24%

Last trade: - 3.24% | 'A' class signal detected in CBOE Crude Oil Volatility Index. Average wavelength of 52 days over 14 iterations since November 2021. Currently peaking.

Dec 11, 2023
∙ Paid
2

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Sigma-L - Market Cycles
Sigma-L - Market Cycles
Crude Oil Volatility (OVX) - 11th December 2023 | @ 52 Days | - 3.24%
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Instrument Summary

The OVX, or CBOE Crude Oil Volatility Index, measures the market's anticipation of future fluctuations in crude oil prices. It is calculated based on the prices of options contracts for oil, which are used by investors as insurance against price swings. Higher OVX values indicate increased expected volatility, reflecting uncertain market conditions, while lower values suggest a more stable outlook. The index provides valuable insights into investors' sentiment and risk perception regarding oil prices.


ΣL Cycle Summary

The latest up leg of this component has produced a sideways to bearish price structure, suggesting some more downside to come from the upcoming down leg of this wave. Due to trough toward the end of the year / very early next year.


Trade Update

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.

Type: Buy - Crude Oil Volatility 14th November 2023
Entry: 14th November 2023 @ 38.29
Exit: 11th December 2023 @ 37.05
Gain: - 3.24%


Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: A - learn more
Average Wavelength: 52.13 Days
Completed Iterations: 14
Component Yield Over Sample: 313.11% - learn more

Time Frequency Analysis

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