Crude OIL Weekly Volatility Forecast 31/10 - 04/11 2022

Crude OIL Weekly Volatility Forecast 31/10 - 04/11 2022

Currently the volatility for this week is around 6.5% , up from expected 5.47% last week.
According to ATR calculation, currently the volatility is located around 80th percentile.

Under this circumstances the expected movement of the candle is :
BEAR : 5% from the opening point of the weekly candle
BULL : 4.75% from the opening point of the weekly candle

At the same time, currently there is 15.6% that the movement within this weekly candle is going to
break and close either above or below the next channel:
TOP: 93
BOT: 83.5

Lastly, taking into account the previous weekly high and low there is a :
70% chance that we are going to touch the previous week high
30% chance that we are going to touch the previous week low