I have been less than diligent with my posting here as my energies and focus have shifted and adjusted. My activities trading have not changed nor have my views and approach to analysis. Oil has done what it has done. My post of August 2014 identified the potential start to that waterfall. Oil has currently been making what could be a bottoming process. In my view it looks like a Broadening Bottom which has few attractive attributes for some traders. I like this setup as sooner or later something is going to happen with oil again. The question is timing, trigger, and the power of the move. Watching and learning. Walking on.
OVX is an oil volatility instrument. The big picture there is there is still room for a settlement of sentiment relative to oil prices and historical volatility.
