The implied volatility in $WTI options seems to still price in significant potential for swings. Given the current downtrend, are you seeing realized volatility matching those expectations, or are option premiums still overstating potential moves?
For $XAUUSD, the 4175-4180 area seems to be providing solid support for now. A break below that could test 4160, while a sustained move above 4200 would open up the path towards recent highs. Volume has been decent around these levels.
Gold ($XAUUSD) continues its ascent, currently around 4185.78. Is the primary driver still geopolitical uncertainty and flight to safety, or are we seeing renewed inflation hedging interest? Fed narrative seems to be getting muddier.
Sometimes it feels like the IEA and OPEC reports paint slightly different pictures on demand growth. Does anyone find one more reliable or insightful than the other, or do you take an average approach when forming your own outlook?