Oil – inflection points for Feb. 1, 2017

Yesterday’s trades

CLH7 Jan. 31, 2017. 60-minute bars.

This trade was a little tricky. The price decline stopped and reversed just 14 cents above Nat’s buy level.

Traders who adhered strictly to Nat’s price levels did not get filled.

However traders checking the price overnight had opportunities to get into the trade at a higher level (we got a fill for a long trade at $52.41, for example) and could claim a profit of $600 or more per contract.

Today’s workbook

Download link: (170201-daily-trading-worksheet-oil.pdf, 143KB)