WTI Crude oil front expiration - last update
Güncellendi
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
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
Not
...First target reached!!!Not
...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.
Delta Zero team.
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