DeltaZeroFinance

WTI Crude oil front expiration

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Overview: with today's fall in price, having reached $73.80 support area, and with a divergence on RSI, we consider close the corrective structure ABC on the daily time frame.
Strategy: Moderate bullish position's delta ,
Our current position's delta: +0.30
Bullish first target: $75.00/$75.30
Bullish second target: $76.00
Mandatory rebalancing level / Stop loss: on breakout of the daily's low
Bearish first target: $73.00
Bearish second target: $72.20
Komen:
On breakout of $73.60 our strategy trigged the "rebalancing level" (from +0.28 to -0.06). Bearish pressure push the price to quickly reach the targets.
On $72.40 we considered the support area reached, and we set our position's delta to moderate positive: +0.30 to follow a potential technical rebound.
Bullish first target: $73.00.00
Bullish second target: $73.80
Mandatory rebalancing level / Stop loss: on breakout of $72.20
Bearish first target: $71.50
Bearish second target: $71.00

Delta Zero team.
Penafian

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