WTI Crude oil - front expiration

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Our overview: Strong GDP in US, and hope on the OPEC+ meeting, offset the build in crude stockpile. A bigger then expected production cut would push for a Christmas rally. Today is mandatory stay neutral at least till is gonna be clear the OPEC+ policy.

Technical signals: RSI and Stochastic positive.

Trends analysis: We maintain an overall positive overview with a potential extension till $81.50/$82.00 if OPEC+ will confirm a robust production's cut. Primary(purple): downward impulsive structure wave 4 with target @$80.00/$82.00, intermediate(green): corrective structure wave C, minor(yellow): upward impulsive structure wave 3.

Our current position @$78.78(in scale to a basic number of contracts :
current delta: 0.137
current gamma: 0.198

Targets
$81.00
$79.75
$78.70

$77.00
$76.40
$75.80

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Anmerkung
@79.45 just rebalanced the delta from +0.237
current delta: 0.01
current gamma: 0.198
Anmerkung
@78.35 just rebalanced the delta from -0.21 - P/L point base 0.11 (110$ base currency)

current delta: 0.01
current gamma: 0.198
Anmerkung
@75.25 just rebalanced the delta from --0.622- P/L point base 0.89(890$ base currency)

current delta: 0.028
current gamma: 0.254
Anmerkung
Correction:
@$76.60
Underlying movement (point bases): 1.35
Starting delta: 0.028
Closing Delta 0.371
Avg. Delta: 0.200
P/L (pB): 0.27
Gross P/L base currency: $269.33

current delta after correction: 0.004
current gamma: 0.304
Trend AnalysisCrude Oil WTIWave AnalysisWTIwticrudewticrudeoil

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