WTI Crude oil front expiration
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Overview: 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.
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.
Nota
...first attempt to breake the trend line, unfortunately without the support of the RSI which still is in neutral area.See you next update.
Nota
Overview:Tentative of breackout failed!!! Jitters, weekness and Wall Street's short session, make again the price pull back well below the trend line. This will bring back the minor trend(yellow) to wave 2. The OPEC+ meeting taking place on Sunday will bring volatility again, we will see in which direction, depending on the decisions that will be taken regarding the production cut.
Strategy:
Strictly Neutral! Our current delta: @$75.18: +0.03
Technical signals: RSI had a divergence, hightlightning the weekness on the daily "high", and now is negative. Stochastic is crossing to negative.
Trends analysis:
primary(purple): corrective structure wave A, intermediate(green): corrective structure wave C, minor(yellow): impulsive structure back to wave 2
----->>Today's session corrections:
@$76.65 from 0.48 to 0.06
@$75.18 from -0.35.48 to 0.03.
Delta Zero team.
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