Oil – inflection points for Mar. 6, 2017

Friday’s trades

CL J17 Mar. 3, 2017. 30-minute bars.

Sell: $53.75
Keyline: $52.80
Buy: $52.20

Oil moved up in overnight trading, and reached Nat’s keyline in Asian and European trading.

It reversed momentarily at that point (which may have induced some traders to enter short) before moving up firmly in the day session, but stopped short of her Sell level.

Overnight traders and subscribers to the live trade room had the opportunity for about $500 per contract in profits, but the initial drawdown may have frightened some out of the trade.

Today’s workbook

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