Oil – inflection points for Mar. 14, 2017

Yesterday’s trades

CL J17. Mar. 13, 2017. 30-minute bars.

Sell: $50.75-$50.85
Keyline: $49.50
Buy: $48.35-$48.25

 

The price dropped to Nat’s buy level early in the overnight session and moved significantly past it.

For overnight traders who entered early that resulted in a substantial drawdown. Those who got in later had much less anxiety to deal with and gained a modest profit with an exit at the close of the day session.

Subscribers to the live trade room had a good short entry on the price spike that started the day session, with an exit at Nat’s sell level; some captured the bounce into the close as well.

Today’s workbook