Oil – inflection points for Apr. 13, 2017

Yesterday’s trades

CL K17. Apr. 12, 2017. Hourly bars.

Sell: $53.70
Keyline: $53.25
Buy: $52.40

Oil made a good trading move Wednesday.

The price moved up to Nat’s sell line in the overnight market, then fell back to Nat’s keyline, a move worth about $400 per contract and relatively easy to capture.

It continued further down in a move worth another $300 per contract to close near the low of the day.

Today’s workbook