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.
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