Our overview: Once more API data highlighted weak demand, let's see if will be confirmed by EIA report scheduled today. Trends analysis: Primary(purple): upward corrective structure wave B, intermediate(green): corrective structure wave A, minor(yellow): downward impulsive structure wave 5, intraday(orange): downward impulsive structure wave 3.
Our current strategy: Neutral. Our current position's risk profile @$74.04: delta 0.06, gamma 0.017 Hedging point: Not set Targets: @$75.58 @$75.14 @$74.38
Second Target reached. Intermediate trend close wave A. We correct our position to moderately long. Current Delta +0.37 Gamma +0.13 Target $73.75. Hedging point on breakout $73.00