Oil – inflection points for Jan. 12, 2017

Oil futures, Jan. 11, 2017. 60-minute bars.

Oil made a good move in the day session which was neatly captured between Nat’s keyline and her first sell level. The full move was worth about $1,400 per contract.

However there was a terrifying spike down near the start of the day session that would have shaken many traders out.

Overnight traders with a stop near the previous support level probably got hit, and may not have had an opportunity to re-enter the trade.

Oil – daily workbook

[gview file=”https://www.naturus.com/wp-content/uploads/2017/01/170112-daily-trading-worksheet-oil.pdf”]



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