Overview: Stochastic in oversold area suggest that a technical rebound is possible. Our current position's delta: +0.20 First target: $77.40/$77.50 Second target: $78 Stop loss/mandatory level of rebalancing: on breakout $76.30 First target: $75.50/$75.30 Second target: $74.90
Comment
⋅
Further bearish pressure in the overnight session, trigged our strategy protection and our position's delta has been rebalanced (from +0.18 to +0.03) Our current position's delta: +0.03 Strategy's targets confirmed.
Comment
⋅
First target reached. Our current position's delta: -0.21 We hold the position till the second target or on breakout of previous hourly bar's high.
Comment
⋅
Second target reached. Just rebalanced our position's delta: (from -0.35 to +0.05) Our current position's delta: +0.05 Further bearish pressure could push the price till $74.10 We follow the market with a neutral delta and rebalance when necessary.