WTI Crude oil - last update.

Our overview: Jitter due to the Red Sea tension persist. CoT released Friday "net long positions" report, showing an increasing long positions in futures and decreasing in options by the "non commercial". This could suggest that the market could be close to an upward movement of the price. Waiting for market mover data and news. Trends analysis: Primary(purple): upward corrective structure wave C, intermediate(green): upward impulsive structure wave 3, minor(yellow): upward impulsive structure wave 3.

Our current strategy: Moderately Long following wave3 of the minor trend(yellow). Our current position's risk profile @$72.58: delta +0.35, gamma +0.28 Hedging point: on breakout $72.30. or @area $74.00