Oil – Inflection points for Feb. 14, 2017

Yesterday’s trades

CLH7 Feb. 13, 2017. 30-minute bars.

Trading Nat’s Keyline when there are wide price fluctuations is pretty tough, and last night’s trades are a good example.

The price moved through her Keyline overnight, but then bounced up and down in a fairly wide range.

Overnight traders who used the key line as an entry — either long or short — faced drawdowns of about $900 per contract, which is wider than the stops we use.

Traders in the live trade room had an opportunity to get the entry in the day session, when the downside direction was clearly established. For them the trade was worth about $600 per contract.

Today’s workbook