WTI Crude oil
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
@$73.77
@$73.15
@$72.49
RSI "D": Neutral
Stochastic "D": Positive
RSI "H": Negative
Stochastic "H": Negative
RSI "5min": Negative
Stochastic "5min": Negative
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
@$73.77
@$73.15
@$72.49
RSI "D": Neutral
Stochastic "D": Positive
RSI "H": Negative
Stochastic "H": Negative
RSI "5min": Negative
Stochastic "5min": Negative
Note
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
Delta Zero team.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Delta Zero team.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.