Oil – inflection points for Feb. 10, 2017

Thursday’s trades

CL – Feb. 9, 2017. 30-minute bars.

Sell: $53.80
Keyline: $52.70
Buy: $51.80

The overnight volatility made this a difficult trade for some subscribers, but those who weren’t frightened out by the fluctuations made money … but not very much.

The price moved up to Nat’s Keyline overnight, but then made two substantial swings up and down, before moving back up to close a bit below the high of the day.

Overnight traders who sat out most of the noise and confusion never saw more than $100 in drawdowns, but the completed trade was only worth about $250 per contract.

Today’s workbooks

 

Download link: (170210daily-trading-worksheet-Oil.pdf, 144KB)