WTI Crude oil front expiration

Nov 16, 2023

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

Nov 16, 2023

Note

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.

Nov 16, 2023

Note

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.

Nov 16, 2023

Note

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.

See you all next update.