WTI Crude oil front expiration - last update

Overview:
Another massive build on API crude oil stocks,
conflicting with a big distillate inventory draw,
and next Sunday OPEC+ meeting are the main
factors driving the market to a stall
awaiting the official EIA data scheduled today.

Strategy:
Neutral following the market.
Our current position's Delta: -0.09 barely negative
Last rebalance: at $77.87 from +0.19.

Technical signals:
RSI still in neutral area.

Trends analysis:
primary(purple): corrective structure wave A
intermediate(green): corrective structure wave B
minor(yellow): corrective structure wave B

Bullish targets:
first@ $79.00
second@ $79.80/$80.00

Mandatory rebalance level
/Stop loss: as we are neutral our system
doesn't set any level.

Bearish targets:
first@ $76.00/$75.40
second@ $74.70/ $73.90

تعليق:

...First target reached!!!

تعليق:

...We consider reached also the second target.
@$74.38 we rebalanced the position's delta to +0.05 from -0.85.

Great day! See you all next update.