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.
So Far, So Good on 3X Bearish Energy
Oil Traverses to Channel Bottom
Crude Oil is down another 2% today, after spiraling down nearly 4% yesterday in reaction to a much greater than expected build in Weekly Inventories.
Let’s notice that the weakness off of Tuesday’s recovery-rally high at $41.90– against the upper-channel boundary line– has traversed the entire width of the channel, as the price structure probes the lower-channel boundary in the vicinity of $38.50, where the weakness should be contained, ahead of renewed buying interest.
That said, my intermediate-term work also has rolled over, and suggests strongly that any bounce off of the lower-channel boundary line will be short lived ahead of downside continuation towards $36-$34.
Triple-Bearish-Energy Gets Interesting
The Looming Requiem
