Oil – inflection points for Jan. 25, 2017

Yesterday’s trades

Oil futures, Jan. 24, 2017. ^0-minute bars.

A second easy trade, available to both overnight and day-session traders.

The price moved up from overnight lows and spiked to Nat’s Sell level, just six cents below the high of the day, then dropped back down.

The exit was market-on-close, and the trade was worth about $370 per contract. Not a monster win, but a win.

Yesterday’s calls:
Sell level = $53.50; close = $53.13

Daily workbook

Download link: (170125-daily-trading-worksheet-oil.pdf, 145KB)