WTI Crude oil front expirationOverview: The price just approach the first important resistance area, a downwards trend line. This dynamic resistance has already rejected prices 3 times since its formation. Lateral trading waiting Wall Street's short session.
Strategy:
we hold delta neutral position waiting for a breakout. In this case, we will go long with a stop level @$76.30. Our current delta: @$76.65: 0.06
Technical signals: RSI still in neutral area, Stochastic positive.
Trends analysis:
primary(purple): corrective structure wave A
intermediate(green): corrective structure wave C
minor(yellow): impulsive structure wave 3
Mandatory rebalance level: not set
Today's session corrections:
----->> @$76.65 from 0.48 to 0.06.