Oil – inflection points for Mar. 2, 2017

Yesterday’s trades

CL J17 Mar. 1, 2017. 30-minute bars.

Sell: $54.95
Keyline: $54.05
Buy: $53.35

It was tough trading oil yesterday. The price moved back and forth across Nat’s Keyline, but never reached either the Buy or the Sell level.

With no clear exit, the most likely outcome for overnight traders who used the keyline as an entry was to be stopped out, regardless of which direction they traded.

Trade room subscribers had a chance to enter on the opening spike in the day session, but it was not an easy move to capture. A difficult day all round.

Today’s workbook

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