Crude: Yearly VWAP Making 3rd Perfect Standard Deviation Line
Julie Wade | Apr 01, 2015 10:23AM ET
This is so cool. Yearly VWAP on the daily crude bars show VWAP is making the perfect third standard deviation line. This just shows how flat the market has been trading since January.
Since we are at the bottom of the yearly VWAP value area, I am expecting a bounce today back into value, especially since API projects a good absorption of supply. The market has preliminary been rallying up on this news. EIA in 8 minutes. Will see what happens.
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