Oil – inflection points for Feb. 8, 2017

Tuesday’s trades

CLH17 Feb. 7, 2017. 30-minute bars.

Sell level: 54.05
Keyline: 52.90
Buy level: 52.10

A nice simple trade in Oil yesterday. The price dropped to Nat’s Keyline overnight and fluctuated around that level until the European markets come alive.

It then dropped straight down to her sell level and fluctuated around it until near the end of the day session when it dropped sharply to the low of the day at $51.82.

The initial move from her Keyline was worth about $800 per contract. The decline before the day session close netted about $300 per contract.

Today’s workbook

Download link: (170208daily-trading-worksheet-Oil.pdf, 145KB)