OVX Crude Oil Volatility - 4th July 2023 | @ 52 Days

Last trade: + 2.15% | 'B' class signal detected in CBOE Crude Oil Volatility Index. Average wavelength of 52 days over 12 iterations since September 2021. Currently peaking.

Trade Update

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument. For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.

Type: Buy - OVX Crude Oil Volatility 9th June 2023
Entry: 9th June 2023 @ 34.43
Exit: 3rd July 2023 @ 35.17
Gain: 2.15%

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Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 52.25 Days
Completed Iterations: 12

Time Frequency Analysis

Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show highpassed price with the extracted signal overlaid for visual clarity.

Current Signal Detail & Targets

Here we give more detail on the signal relative to speculative price, given the detected attributes of the component. In most cases the time target to hold a trade for is more important, given we focus on cycles in financial markets. Forthcoming trough and peak ranges are based upon the frequency modulation in the sample (learn more).

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Phase: Peaking / Peaked
FM: +- 2 Days
AM: 1.89462
Next Trough Range: 28th July - 1st August, 2023
Next Peak Range: 23rd August - 27th August, 2023

Sigma-L Recommendation: Sell
Time Target: ~ 30th July, 2023

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Current Signal Phase

This is ‘how far along’ the cycle is in it’s period at now time and is related to the predicted price action direction.

Current Signal Frequency Modulation (FM)

This is how much, on average, the signal detected varies in frequency (or wavelength) over the whole sample. A lower variance is better and implies better profitability for the component. Frequency usually modulates relatively slowly and over several iterations.

Current Signal Amplitude Modulation (AM)

This is how much the component gains or loses power (price influence) across the sample, on average. Amplitude modulation can happen quite quickly and certainly is more evident than frequency modulation in financial markets. The more stable the modulation the better.

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