Oil – inflection points for Jan. 16-17, 2017

Note: US markets are closed Monday Jan. 16
Oil futures roll over this week

Yesterday’s trades

Oil futures, Jan. 13, 2017. 60-minute bars.

No decent trades here. Trading range was very narrow, and overnight traders with resting orders at the keyline likely got stopped out.

Traders monitoring the market real time had a chance for a small profit but it was tough to catch anything here.

Price whipsawed around Nat’s keyline with no real direction, never approached either buy or sell levels.

Daily workbook

Download link: (170116-daily-trading-worksheet-oil.pdf, 145KB)