Oil – inflection points for Jan. 19, 2017

 

Yesterday’s trades

There was a relatively easy overnight trade from Nat’s keyline to her first sell level that returned about $500 per contract. Anyone who left the party at that point left happy.

During the day session the market got choppy, due in part to the rollover to the new contract.

There was nice move from the 1st buy level to the second, but it would have been tough to catch. More likely traders in the day session got faked out by the bounce following the initial decline, and saw their stops hit.

Daily workbook

Download link: (170119-daily-trading-worksheet-oil.pdf, 145KB)