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CBOE VIX falls below 15.00

FXStreet (Mumbai) - The rally in the US stock markets on the back of strong corporate earnings has pushed the Chicago Board Options Exchange (CBOE) Volatility Index (VIX) below 15.00 levels.

The CBOE VIX is down more than 50% since the mid-October when it rose to a high of 31.06 levels. The VIX index is inching lower today tracking strength in the US Equities. The DJIA is trading up by 0.10% at 17,383.84, while the S&P futures gained 0.63% to trade at 2018.45 levels.

In the meantime, the S&P 500 VIX November futures have edged lower by 2.53% to trade at 15.43 levels. The implied volatility may rise as we head into the release of monthly non-farm payrolls data due this Friday.

CBOE VIX Technical levels

The index has an immediate resistance located at 16.00, above which it can rise to 17.57 levels. On the flip side, support is seen at 14.53 and 13.72 levels.

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