Oil – inflection points for Mar. 3, 2017

Yesterday’s trades

CL J17 Mar. 2, 2017. 30-minute bars.

Sell: $54.65
Keyline: $53.80
Buy: $53.20

The oil futures reached exactly to Nat’s keyline in the overnight trading and started a dramatic decline that moved through her Buy level and beyond during the day session.

The move was worth about $600 per contract for overnight traders.

Trade room subscribers who tried to enter long at her Buy level in the day session were likely stopped out.

Today’s workbook

 

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