Front Curve Crude Light Volatility: Mar'22/Apr'22

Upside vs Downside interchangeably for short or long risk exposure at current flat front CL1! price.
The IV stands at 73%, which is more conservative than the highlighted risk profile. Not a tradable setup; just for reference timeframes when looking for a bias.
The median line, from which the % change is measured, is derived by using the Inside Pitchfork tool; it is the least inclined from Pitchfork tools, provides a less aggressive slope for the long term outlook.

Andrew's PitchforkCrude Oil Futures WTI (CL1!)CLK2022long-termoilforecastoilpriceoiltradingPitchforksPivot PointsreferenceareasSupply and Demand

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