Crude Oil Volatility (OVX) - 29th August 2023 | @ 53 Days
Last trade: - 1.11% | 'B' class signal detected in CBOE Crude Oil Volatility Index. Average wavelength of 53 days over 13 iterations since October 2021. Currently peaking.
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 mark…