Crude Oil Volatility Forecast 19-24 Sep 2022

Crude Oil Volatility Forecast 19-24 Sep 2022

The current implied volatility is +-4.8$ from the current opening of the weekly candle, 84.81$

With this in mind, we have a 74% chance that the market is going to stay within the range:
TOP: 90.55
BOT: 79.06


At the same time, we can see that the average weekly candle, is around 3.6 - 4.1%

From the technical analysis POV, we can see that our asset is below EMA 50 and above EMA 100/200.

From the volume POV, we can see that currently CMF level has been declining, indicating a more powerful seller position.

I believe we are to go towards 80, where is going to be the EMA 100 resistence place, but if we manage to break this part, probably we can go lower than that, around 79$