I rarely use Fibonacci Arcs, but on occasion they do some cool things; earlier this quarter, I pointed out the failure on the arc pattern (green tint); pretty interesting to see what took place since then!
Classical Gas
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.
Karmic Energy
Something occurred to me a day or two ago – – crude oil, Saudi Arabia’s lifeblood, has been absolutely falling to pieces. I was wondering to myself, when did oil prices peak, and also when was the journalist Jamal Khashoggi brutally murdered and literally chopped into pieces?
I’ll save you the trouble of having to keep two separate dates in mind: the killing and the commencement of collapsing prices happened at pretty much the exact same millisecond. Startling karmic, don’t you think?
The Book of James
What a difference a single month can make. Observe the chart of the natural gas market below. Once it pushed past resistance (pink horizontal line) it went roaring higher, devastating – – notably – – James Cordier and his OptionSellers.com fund, purportedly to the tune of $200 million. And then, equally as fast, all the gains disappeared. It’s as if nothing happened.
DRIP Rip
If you watch my tastytrade show, you’ll recall I had pointed out some powerful formations in the energy bearish funds. DRIP has been absolutely on fire lately:
Oil Strength
I did a “crude oil is gonna go up” post recently, but I wanted to pile on with this Fibonacci arc graph of the continuous contract:
