Oil – inflection points for Jan. 23, 2017

Previous trade

A simple easy trade in oil. The price drifted along Nat’s keyline early in the overnight session, providing lots of opportunity to get into the trade.

As the day session began the market moved almost directly to Nat’s sell level at $53.35, and bounced around that price for much of the day, so traders were sure of getting filled on their exits.

The full move was worth $1,150 per contract with very little hassle.

Daily workbook

Download link: (170123-daily-trading-worksheet-oil.pdf, 145KB)