This chart is XJO and WTI Forward Spreads. I'm looking to enter longs on oil, XJO volatility looks to be contracting. Hourly oil chart looks good for buys below $85. If it breaks down, then daily suggests possible further low around $80.
I added 2 red circles at similar level on the spread peak, and they looked good time to buy crude oil in the following maybe 1-4 weeks. XJO seemed to have a slightly lower low, for a good XJO buy say 4-12 weeks forward.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
8,561.8 |
Change
-68.500(0.79%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,544.7 |
| XJO (ASX) Chart |