WTI Crude oil front expiration - last update

Overview: Weekness due to the OPEC+ meeting uncertainty.

Strategy: Positive Delta looking for a technical rebound and waiting for the CoT report which is gonna be released today. We hold moderate positive position. Our current delta: @$74.20: +0.20

Technical signals: RSI negative, Stochastic in oversold area.

Trends analysis: primary(purple): corrective structure wave A, intermediate(green): corrective structure wave C, minor(yellow): impulsive structure wave 2. On breakout of $73.90 the intermediate(green) trend will go back to wave B asymmetrical structure.
----->>Today's session corrections: @$74.80 from -0.36 to 0.30

تعليق:

...Just reached the first target @$76.20. We holding long position with current delta @$76.12 +0.58.

تعليق:

Overview: Uncertainty persist! Yesterday's "Low" reshape the intermediate and minor trends. CoT (Commitment of Traders) highlighting that commercial and not commercial are reducing their net long positions in option. This could be a signal that area $73/$75) is an accumulation's area, and confirm our strategy.
Strategy: Positive Delta looking for a technical rebound with a Stop on breakout $74.50 Our current delta: @$75.30: +0.31
Technical signals: RSI neutral, Stochastic neutral.
Trends analysis: primary(purple): corrective structure wave A, intermediate(green): corrective structure wave C, minor(yellow): impulsive restart wave 1.

Strategy: Positive delta, long! We still holding a moderate positivity looking for a technical rebound at least till area $77.20/77.50. Stop: on breakout @$73.90. Our current delta: @$75.05: +0.31

Target @$76.50
Target @$77.60
Target @$78.80

Target @$74.10
Target @$73.00
Target @$72.40

تعليق:

...rebalance the position's delta @$76.97 from 0.69 to -0.03.