Our overview: Red Sea tension on focus again. Divergence on hourly RSI. On breakout and close on hourly timeframe above $74.00 push the price straight to area $75.60/$76.00. On the other side, breakout of $72.80 could push again the price towards the bottom of the trading range. 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: Neutral follow the market. Our current position's risk profile @$73.95: delta -0.03, gamma +0.24 Hedging point: not set