Friday’s trades
Sell: $55.15
Keyline: $54.35
Buy: $53.40
The oil trade was a little tricky for overnight swing traders.
The price made a fake bounce from Nat’s Keyline overnight, a move that may have misled some people about the direction of the real move, and/or stopped out others who got the direction right but set their stops too tight.
The subsequent decline stopped well short of Nat’s Buy level, leaving overnight traders without a good exit point.
By the time the market closed, a good deal of the initial profit had evaporated.
Monday’s workbook
[MM_Member_Decision membershipId=”!(2|3|4)”]Sorry, this content is for paid subscribers only..
[/MM_Member_Decision] [MM_Member_Decision membershipId=”(2|3|4)] [gview file=”https://www.naturus.com/wp-content/uploads/2017/02/170227daily-trading-worksheet-oil.pdf”] [/MM_Member_Decision]