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J. Patrick Marzano manages the operations and communications of Metrixx. He began his career in the futures industry as a broker at the Chicago Mercantile Exchange (CME Group) working for Aries Options Brokers and American-Way Futures. He also served on the Dow Jones Options Pit Committee. In... More
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Metrixx Fair Price Report
  • Light Sweet Crude Oil – WTI (CLEF14) Value Summary Review 0 comments
    Nov 21, 2013 8:10 PM

    Crude opened the U.S. session (8:00 am - 4:15 pm) at 94.32 briefly consolidating and setting Fair Price at 94.39. From here, still early in the session, the market moved higher creating a value gap from 94.90 - 95.15 (this gap was partially filled leaving 94.90 - 95.08 remaining). Continuing its move higher Fair Price looks to have alternated between two price levels: 95.23 and 95.37. At the close of the session the Metrixx Fair Price settled at 95.23 with the Value Area High at 95.45 and the Value Area Low at 95.01.

    (click to enlarge)

    Fair Value Definition: The Metrixx Fair Value indicator provides traders a measure of fair value in listed derivatives markets by showing at what prices levels have the most liquidity for a certain period of time. Traders can use this indicator to map out entries, exits or appropriate stop levels. Or they can simply use it as more precise support and resistance that they can incorporate with other indicators. Subscribers to Metrixx see this information in real time when it can help them the most.

    What am I seeing: The lightest colors show the beginning of the session, the darker the color the later in the trading session. The larger the distribution the more value market participants have placed at that price level. A distribution outside of the blue colored area is viewed as being outside of that session's Value Area. Those areas of single distribution are noted as Value Gaps. To better understand Value Distributions please read, Understanding Metrixx Value Distributions.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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