Crude oil has been sailing above its supporting trendline for a couple of years now. I am, of course, watching with great interest to see if we get a break of that uptrend.
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.
Auld Lang Sinewave
I’m totally nerding out this weekend on Slope, polishing up the site, adding videos – – the whole Labor Day schtick. In a way, I am re-discovering some of the cool stuff about my little creation. For example, I was just doing a video on the Future Trend feature, and I was quite surprised to see the fascinating sine wave projected for oil. If this is anything close to what’s going to happen, it could mean all kinds of interesting setups! I’m quite short energy stocks now, so I’m particularly pleased.
Oil Waves
Judging by the ES and NQ, it seems the world has already moved on from the big political news about Manafort and Cohen. BTFD to infinity!
So let’s turn our attention to crude oil, which is up over 2% this morning alone. This certainly seems to be the bulliest of the bullish:
