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

100
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
  1. 5755 is a crucial level
  2. if Crude sustains below we can see a massive downfall as seen in the image
Dagangan aktif
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NOTE: Options expire on 14th December and Futures on 18th
Nota
5700 PE premium went from 68 to 76
Nota
Trailing
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Crude OilHarmonic PatternsTechnical IndicatorsmcxcrudeoilTrend Analysis

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Crude OilHarmonic PatternsTechnical IndicatorsmcxcrudeoilTrend Analysis
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Penafian

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.