Oil – inflection points for Apr. 7, 2017

Yesterday’s trades

CL K17. Apr. 6, 2017. 30-minute bars.

Sell: $51.75
Keyline: $51.25
Buy: $50.10

Oil moved up through Nat’s keyline in overnight trading and reached her sell level early in the day session, where the price stalled for the rest of the day.

The entry and exit were both fairly clear. The move was worth about $500 per contract.

After the close oil spiked about $1.20 a barrel in the early after market after news of the US missile attack on Syria was released.

The price retraced only a little in the early overnight market.

Today’s workbook

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