In spite of plenty of wiggles along the way, natural gas (/NG) has been obeying its long-term sinewave beautifully. It would seem to me we’re at a cheap price point, relatively to the larger move in play.
Natural Gas Upswing
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.
Toward C3PO
Rally to Resistance
With one foot out the door to head to the airport, I’ll leave this brief post. The market has rallied all week long, with the notable exception of the plunge at Monday’s open. I deliberately said “open” because that was the low for the week. DeepSeek turned out to mean DickSeek, because the market has utterly stopped caring (or doesn’t believe it). Even with the rally, though, the /ES has not yet conquered its most recent “lower high” and is well below its lifetime high.
Energetic Move Lower
I listened to Trump’s Davos speech (speaking of Davos, remember you can get a signed copy of Solid State now, which begins in that very village!) and his emphasis on lowering oil prices had a pretty powerful effect on /CL futures:
