Oil – inflection points for Mar. 13, 2017

Friday’s trades

CL J17. Mar. 10, 2017. 30-minute bars.

Sell: $51.50
Keyline: $50.35
Buy: $48.55

The price moved in a fairly narrow range overnight, but spiked to the high of the day just at the opening of the day session.

From that point it dropped straight down to Nat’s buy level and closed just below it. The move was worth about $550 per contract.

Subscribers in the trade room had a good opportunity to catch the trade. Overnight traders need to fade Nat’s keyline by about $200 to get the best entry.

Today’s workbook

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