Oil – inflection points for Feb. 17, 2017

Yesterday’s trades

CLH7 Feb. 16, 2017. 30-minute bars.

Sell: $54.29
Keyline: $52.73 – $53.57
Buy: $52.00

Nat posted two Keyline inflections yesterday, in preparation for the rollover to the April contract this weekend. The price stayed precisely between the two.

The result was a terrific trade — the move was about $840 per contract in each direction — but it would have been a difficult trade for overnight traders to capture with a resting order.

Subscribers to Nat’s trade room had a good opportunity to capture the second half of the move, the bounce from the lower Keyline.

Today’s workbook