Oil – inflection points for Jan. 20, 2017

Yesterday’s trades

The oil futures reached Nat’s Keyline to provide a reasonable entry point, but stopped a few cents above her Buy level and reversed.

Traders watching the market had a chance for a good exit and a reasonable profit; those exiting the trade at market-on-close made a little.

The trade had very little drawdown so there was no real risk of loss; just not much profit unless you correctly identified the turn.

Daily workbook

Download link: (170120-daily-trading-worksheet-oil.pdf, 144KB)