I’ve been watching this for the past two months. It sealed it up Ziploc-tight with yesterday’s high.
Oil Gap Perfectly Closed
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Bull Power!
No, I’m not switching sides. I will say, however, that a couple of members of my Bull Pen look especially good, and they both happen to be in the fuel cell business.
Fill ‘Er Up
I realize that crude oil seems very cheap right now. Even so, I’d like to suggest that the oil and gas producers have already enjoyed their day in the sun, and energy bulls may want to regard the almost-closed gap with caution. Please take care note of XOP:
Never Lower
Once again, with an overabundance of crude oil and absolutely no place left to store it, crude oil is getting massacred, and the oil fund USO has never been at a lower price.
You Have Been Misled (by MoneyMiser21)
So these headlines…
“Oil hits $0!”
“Oil goes negative for first time ever!”
Yeah, they’re true… but they’re really not true.
This is a very misleading topic that people who do not trade oil have blown up for clickbait purposes.
I’ve traded the ETFs and oil futures for more than 14 years, and remain flabbergasted at how the so-called “reporting” of what took place this past Monday went down.
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