Oil – inflection points for Apr. 4, 2017

Monday’s trades

CL K17. Apr. 3, 2017. 30-minute bars.

Sell: $51.65
Keyline: $50.50
Buy: $49.50

Oil futures made a decent move overnight and during the day session, but the price just fluctuated around Nat’s keyline without approaching either the buy or sell levels.

As a result the profits were difficult to capture.

The price moved about $300 above the keyline overnight, then dropped about the same amount below the keyline in the day session.

The market closed near the low, and did not return to the keyline in the afternoon.

 

Today’s workbook