WTI Crude oil first expiration
Overview:
Bullish pressure starting in the overnight
session, push higher the close
of waveA (minor trend) at important
resistance level. First target to $78.50 has been
reached.
Strategy:
We hold negative delta since $77.60
Our current position's Delta: -0.50 negative,
(increased from -0.23)looking for the first
bearish target
Technical signals:
Stochastic and RSI in overbought
Trends analysis:
primary(purple): corrective structure wave A
intermediate(green): corrective structure wave A
minor(yellow): corrective structure wave A closed
Bullish targets:
first@ $79.80/$80.00
second@ $80.50
Mandatory rebalance level
/Stop loss: on breakout of $78.70
Bearish targets:
first@ $76.80
second@ $75.8
Bullish pressure starting in the overnight
session, push higher the close
of waveA (minor trend) at important
resistance level. First target to $78.50 has been
reached.
Strategy:
We hold negative delta since $77.60
Our current position's Delta: -0.50 negative,
(increased from -0.23)looking for the first
bearish target
Technical signals:
Stochastic and RSI in overbought
Trends analysis:
primary(purple): corrective structure wave A
intermediate(green): corrective structure wave A
minor(yellow): corrective structure wave A closed
Bullish targets:
first@ $79.80/$80.00
second@ $80.50
Mandatory rebalance level
/Stop loss: on breakout of $78.70
Bearish targets:
first@ $76.80
second@ $75.8
Delta Zero team.
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