Crude Oil Futures

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Massive sell of Crude post US CPI data - 12 December 2023

已更新

News Based:

Post-CPI Inflation data 3.1% rise in November YoY - Massive sell-off of Crude was seen.
Higher oil prices contribute to inflation directly and by increasing the cost of inputs.
Hence, we can see a massive crude oil sell-off.

Technicals

5755 is a crucial level
if Crude sustains below we can see a massive downfall as seen in the image

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Manage risk

NOTE: Options expire on 14th December and Futures on 18th

注释

5700 PE premium went from 68 to 76

注释

Trailing

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