Oil – inflection points for Apr. 5, 2017

Yesterday’s trades

CL K17. Apr. 4, 2017. 30-minute bars.

Sell: $51.45
Keyline: $50.85
Buy: $49.65

Oil futures made a nice move in overnight trading, but it would have been difficult for overnight traders to take advantage of it. The overnight trading did not reach any of Nat’s inflection points.

The price dropped a little from the previous low but rallied into the start of the day session, then continued past Nat’s keyline to make the high for the day around noon.

It stayed at or near that level for the rest of the day.

Trade room subscribers who identified the uptrend and got long after the open had a chance at a maximum of about $600 in profit, but there was not much guidance from Nat’s inflection points to help them.

The pullback after the high was too small to trade, except for scalpers.

Today’s workbook

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