WTI Crude oil - last update
Our overview: Definitely OPEC+ policy doesn't convince the market. Massive selloff with more tha 500K contract traded, push the price to re-test the trend/neck line. Market could enter in latera trading range.
Technical signals: RSI negative, and Stochastic negative.
Trends analysis: Primary(purple): downward impulsive structure wave 5, intermediate(green): corrective structure wave A, minor(yellow): corrective structure wave A.
Our current strategy: Neutral, following the market.
Our current position's risk profile @$75.70: delta 0.018, gamma 0.192
Hedging point: not set
Targets
$78.70
$77.80
$76.30
$74.00
$73.30
$72.50
Technical signals: RSI negative, and Stochastic negative.
Trends analysis: Primary(purple): downward impulsive structure wave 5, intermediate(green): corrective structure wave A, minor(yellow): corrective structure wave A.
Our current strategy: Neutral, following the market.
Our current position's risk profile @$75.70: delta 0.018, gamma 0.192
Hedging point: not set
Targets
$78.70
$77.80
$76.30
$74.00
$73.30
$72.50
Delta Zero team.
