Crude Oil Weekly Volatility Analysis 9-13 Jan 2023

Crude Oil Weekly Volatility Analysis 9-13 Jan 2023




We can see that currently the implied volatility for this week is 5.72%

With this in mind, currently from ATR point of view we are located in the 74th percentile.

Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
*For calculations, I am using the data since 2022*
Bullish: 4.6% movement
Bearish: 5.7% movement

At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 29% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 77.9
BOT: 69.22

Taking into consideration the previous weekly high/low, currently for this candle there is :
31.5% probability we are going to touch previous weekly high
66.8% probability we are going to touch previous weekly low


Lastly, from the technical analysis point of view, currently from
Daily timeframe indicates -53.33% BEARISH trend from the moving averages index
Weekly timeframe indicates -66.67 BEARISH trend from the moving averages index
Monthly timeframe indicates 13.33% BULLISH trend from the moving averages index