Oil – Inflection points for Jan. 9, 2017

Crude light futures, Jan. 6, 2017. 60-minute bars

Friday the oil futures bounced from the Keyline twice and made significant moves each time (approximately $900 per contract) but without reaching Nat’s Sell level.

Traders who were monitoring the market real-time were able to capture the range twice in each direction.

Traders using resting orders and not watching the chart had good entries but no obvious exit level unless they were using trailing sell stops.

Oil  daily workbook

Download link: (170109-daily-trading-worksheet-oil.pdf, 145KB)