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

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
   

Trade active:

Manage risk

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

Comment:

5700 PE premium went from 68 to 76

Comment:

Trailing