Oil – inflection points for Jan. 24, 2017

Yesterday’s trades

Oil futures, Jan. 23, 2017. 60-minute bars.

Nat’s oil trades have been remarkably successful for the past couple of weeks, especially for traders entering in the overnight session. That pattern continued yesterday.

The price reached her Sell level early in the Globex trading then marched down to her Keyline almost in a straight line.

It then bounced back to give a second trade for day-session traders. The exit was m.o.c.

The first leg was worth about $1,150, the second about $550 per contract.

The oil trades have been especially good for subscribers in Europe and Asia who can trade the overnight moves during their normal business hours.

Daily workbook

Download link: (170124-daily-trading-worksheet-oil.pdf, 145KB)