Oil – inflection points for Mar. 7, 2017

Yesterday’s trades

CL J17, Mar. 7, 2017. 30-minute bars.

Sell: $53.95
Keyline: $53.45
Buy: $52.35

Oil has been in a relatively narrow trading range for about 12 weeks, and the daily range doesn’t provide much room for profit.

The price got up to Nat’s keyline in the day session and retraced, but the movement was relatively small.

Subscribers to the trade room had a good opportunity to get short, but overnight traders required a lot of patience for a relatively small gain.

The price never approached either the Buy or Sell level.

Today’s workbook