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.
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Last
8,603.0 |
Change
7.200(0.08%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,595.8 | 8,616.8 | 8,589.5 |
| XJO (ASX) Chart |