Yesterday Oil continued the rally that has moved the price from under $48 to over $50 in three days. There was a sharp decline in the overnight market into the buy level followed by a strong rally in the day session.
The price action prompted Nat to revise her inflection points for yesterday’s day session for trade room subscribers..
The price rallied in the pre-market and moved sharply higher once the day session began, almost reaching Nat’s sell level.. Most the movement was completed by noon, with the market falling into a consolidation pattern later in the day.
The move was worth about $650 in profit to traders who caught it all.