Wealth Creation Through Natural Resources
Implied volatility in gold and oil (as measured by the GVZ and OVX) has begun to collapse in the last couple of weeks, falling to the lowest levels in more than two years: GVX/OVX/VIX (Daily) While gold has steadily moved … Continued
Daily Commodity Chart Wrap 3/25/2015: WTI Crude Oil (Daily) Front month crude oil futures rally as options implied volatility begins to collapse and the futures contango narrows. OVX (CBOE Crude Oil Volatility Index) CME WTI Crude Oil … Continued
An interesting phenomenon occurred in crude oil markets last week: As WTI crude oil rose nearly 10% for the week, the OVX (CBOE Crude Oil Volatility Index) also rose and actually broke-out above an area of previous resistance near 60. This … Continued
Oil implied volatility as measured by the OVX (CBOE Crude Oil Volatility Index – at top of chart below) is breaking out to the highest levels seen since the 2008 Global Financial Crisis: Meanwhile, realized volaility (as measured by the average … Continued