Todd Colvin discusses the volatile price action in WTI Crude Oil futures to start the trading week. Prices initially surged near a two-month high of $85 a barrel due to weekend geopolitical uncertainty before paring gains to settle around $83 as peace talks entered the discussion. Colvin highlights shifts in market volatility, noting a drop in the CVOL index from its recent highs. Furthermore, he analyzes recent speculative positioning data, which reveals that market participants continue to exit net long positions, hitting their least long exposure since January 13th.
Learn more about trading futures and options at CME Group:
https://www.cmegroup.com/markets/energy.html
#CrudeOil #EnergyMarket #Volatility
Learn more about trading futures and options at CME Group:
https://www.cmegroup.com/markets/energy.html
#CrudeOil #EnergyMarket #Volatility