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

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