Les CFD sont des instruments complexes et présentent un risque élevé de perte rapide en capital en raison de l’effet de levier. 75.8% des comptes d’investisseurs particuliers perdent de l’argent lorsqu’ils investissent sur les CFD. Vous devez vous assurer que vous comprenez le fonctionnement des CFD et que vous pouvez vous permettre de prendre le risque élevé de perdre votre argent.

Pepperstone logo
Pepperstone logo
Oil

Crude’s invincible run coming to an end?

Luke Suddards
Research Strategist
24 janv. 2022
Weaker global risk sentiment has seen even crude, the king of upside momentum struggling to hold onto its gains.

The uptrend line has been broken. The RSI is falling like a stone and eyeing the 58 level, previously resistance for price. Price has found some support at the $85.6 mark, which is near to its former high back in late October of last year. If that level breaks then the 21-day EMA will be an interesting point to watch. Below there $80 comes into play between the 21-day EMA and 50-day SMA. On the upside, I quite like $90 as an initial target. There is quite a sizable amount of call options at the $90, which could see a bit of a delta hedge squeeze higher. With the volatility playing out Crude is definitely one to keep on the radar.

Preview
(Source: TradingView - Past performance is not indicative of future performance.)
Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information provided here, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.