Yesterday’s trades
Sell: $54.05
Keyline: $53.40
Buy: $52.20
Traders who entered overnight at Nat’s keyline got trapped by wide price fluctuations and were almost certainly stopped out.
Traders monitoring the day session had a decent signal to get short when the price moved back below the keyline, but the exit market-on-close only returned about $200 per contract.
The daily range was a little smaller than we have been used to; oil is in a consolidation phase.
Today’s workbook