Oil – inflection points for Feb. 20-21

Friday’s trades

Sell: $54.30
Keyline: $ 53.75
Buy: $52.50

Oil spent the entire session below Nat’s Keyline and above her Buy level without touching either.

Friday was the last day to trade the March contract (we move into the April contract as of the Feb. 20-12 workbook) and it was the Friday before a long weekend.

No trades for overnight traders. Subscribers to the trade room had a chance to get long near the start of the day session, but the narrow range and slow trading discouraged many. Nothing to lose, but not much to gain.

Today’s workbook