All quotes delayed a minimum of 15 minutes. Benchmark Henry Hub natural gas futuresare typically considered to be the most volatile of the major commodities because of the sudden impact of cold weather on deman… VIX measures the implied volatility … VOLATILITY: AVERAGE. VOLATILITY: HIGH. CHART STRUCTURE: POOR The cold forecast convinced many in the market that the record amount of gas coming out of the ground would not be enough to shrink a vast 16 percent storage deficit in November as previously projected. TREND: LOWER - MIXED Our Standards: The Thomson Reuters Trust Principles. I'm sitting on the sidelines as my only soft recommendation is a bullish coffee trade. I don't think prices will trade under that level as I will not go short, and if you do want to jump the gun and take a bullish position, I would buy at today's level while then placing the stop loss under the 105 level as the risk would be around $1,100 per contract plus slippage and commission. I have been recommending a bullish trade initially from the 111.00 level while adding another contract at 113.30 as the average is around 112.15. Seery Futures Apostolos Serletis. However, as I stated before, I will be patient and wait for the chart structure to improve. The chart structure will not improve for another 5 trading sessions, so you will have to accept the monetary risk at this time. However, for the bullish momentum to continue, prices have to break the September 30th high of 5.87, in my opinion, and if that does occur, I think the $6 level is at hand, so stay long as there is still room to run. CME Group Inc, which owns the NYMEX, said total futures volume rose to a preliminary record high of 1,602,673 contracts on Wednesday, topping the previous high set on Tuesday of 1,232,635. Cboe's volatility indexes are key measures of market expectations of volatility … Orange juice futures in the November contract is currently trading at 111.85, ending the week on a sour note after settling last Friday in New York at 105.75, up over 600 points for the week bottoming out around the 105 level. Implied volatility shows how much movement the market is expecting in the future. Dry weather in Brazil has already affected the sugar crop as the La Nina weather pattern could throw a wrench into the closet. TREND: LOWER Even so, the highest 30-day ATM implied volatility for natural gas … Implied volatility has averaged 36.4 percent since it started rising in September, up from just 26.0 during the first eight months of the year. Its current implied volatility is 2.9% above its 15-day average. To put it another way, if the implied volatility of a natural gas option is 50%, it means that there is a 68.3% chance (one standard deviation) that a year from now, the underlying price (future or swap) of that … We've dropped about 20% in a rather quick time frame as prices are right at major monthly support. Fields displayed on the Futures Volatility & Greeks View include: Strike - The price at which an option purchaser may buy or sell the underlying commodity futures contract regardless of its current price. We will start to get real-time production numbers as the combines are in full swing in the Midwestern part of the United States as the volatility should continue to escalate to the upside. In the last 10 years, neither gold or soybeans have ever breached 50% for implied volatility, while corn has touched 50% but never gone beyond. 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