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DeltaZeroFinance
Nov 22, 2023 6:47 PM

WTI Crude oil front expiration - last update 

Crude Oil FuturesNYMEX

Description

Overview:
EIA data and OPEC+ meeting postponed,
make tumble the market.
My dear volatility!!!
Strategy:
Neutral. Follow the market.
Our current position's Delta @$76.39: 0.03
This are all the corrections we made today
5)rebalance: @$76.39 (from 0.23 to 0.03)
4)rebalance: @$75.70 (from 0.62 to 0.03)
3)rebalance: @$73.90 (from -21 to 0.30)
2)rebalance: @$74.50 (from -0.30 to 0.05)
1)rebalance: @$76.10 (from +0.28 to +0.03)
rebalance: @$75.45 (from -0.58 to +0.06)
Technical signals:
RSI positive signal just if cross
in positive area
Stochastic still in negative area.
Trends analysis:
primary(purple): corrective structure wave A
intermediate(green): corrective structure wave B
minor(yellow): corrective structure wave C close
Bullish targets:
first@ $77.00
second@ $78.70
Mandatory rebalance level
/Stop loss: not set
Bearish targets:
first@ $75.00
second@ $73.90

Comment

Moderate short on reached target. looking for a technical pull back.
Our current position's Delta @$76.99: -0.30

Comment

Overview: After the strong reaction at the selloff in the yesterday's session, the market retraced till the 38% fibonacci level. Thanks Giving Day could limit the volatility.

Strategy: Barely positive. Our current position's Delta @$76.60: 0.21

Technical signals: RSI failed to cross to positive, and lateralize in neutral area,
Stochastic crossing downward the signal

Trends analysis: primary(purple): corrective structure wave A, intermediate(green): corrective structure wave C, minor(yellow): corrective structure wave 2
Targets:
Bullish first@ $77.00, second@ $78.70
Mandatory rebalance level/Stop loss: on breakout 76:00
Bearish first@ $75.00, second@ $73.90

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Comment

...just rebalance the delta @$76.55 from +0.20 to +0.03
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