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10 Dec 2014
CBOE VIX blasts higher
FXStreet (Mumbai) - The Chicago Board Options Exchange (CBOE) Volatility Index (VIX) has shot up, after breaking out of a month long trading range due to the risk aversion in the financial markets.
The CBOE VIX currently trades 9.20% higher at 16.26 levels, compared to the previous session’s close of 14.89 levels. The index had opened higher yesterday, although late recovery in the stock markets made sure the volatility gauge finished lower.
However, the index may continue to inch higher today as renewed sell-off in Crude prices may push stock prices lower in the US and Europe.
CBOE VIX Technical Levels
The index has been trading largely in a range of 16.28 to 11.53 for over a month now. A breach of 16.28 on closing basis, shall open doors for 18.43 and 20.00 levels. Meanwhile, a break below 11.53 may push the index down to immediate support at 11.24.
The CBOE VIX currently trades 9.20% higher at 16.26 levels, compared to the previous session’s close of 14.89 levels. The index had opened higher yesterday, although late recovery in the stock markets made sure the volatility gauge finished lower.
However, the index may continue to inch higher today as renewed sell-off in Crude prices may push stock prices lower in the US and Europe.
CBOE VIX Technical Levels
The index has been trading largely in a range of 16.28 to 11.53 for over a month now. A breach of 16.28 on closing basis, shall open doors for 18.43 and 20.00 levels. Meanwhile, a break below 11.53 may push the index down to immediate support at 11.24.