WTI Crude: The ECB Effect. 07Feb

Below is a series of studies
plotting the effect of the ECB
on the WTI auction.
Here, we see the rolling 3 month
daily range averages for Q4 2012
for ECB days v 20 day & 60 day averages. 
Alternatively,
below we see the rolling 3 month
daily range averages for Q4 2012
for FOMC days v 20 day & 60 day averages. 
Conclusion?…

Relative to normalized volatility, 
the ECB days offered much better 
potential than the FOMC days, 
especially in the NY Pit Session. 

This phenomenon occurred in Q2-Q4 of 2012. 
For additional information, 
please visit our subscription page