I know there are a lot of fans of natural gas here on Slope (with The Director recently placing a sensational trade). It all makes sense, given this beautiful sinewave pattern!
Natural Blast
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.
Gas Line
If you think trendlines matter, I suggest you look at the energy ETF symbol XLE, which has rallied to precisely the resistance side of its broken trendline.
Rocking the Casbah
I never understand where the empty-headed “Drill, Baby, Drill” moron-phrase comes from. It’s not like everything is shut down. On the contrary, NO ONE gets more oil out of the ground than the U.S.
PREMIUM: Toil and Trouble for Bears
by Moneymiser21
The oil market appears to be under a spell from the witches in Shakespeare’s Macbeth. They’ve cast “Double, double toil and trouble,” and a trading fire is burning in the cauldron beneath the surface of where most home traders look.
WHAT’S NOT ON THE MAIN CHART
1 – The current front month contract for WTI (/cl) oil futures will flip in two trading days, as March contract futures options expire.
Leading up into the end of last week’s trading, the March contract still showed a slight price discount to April. This is commonly known as ‘contango’ in the commodities market and is considered the ‘normal’ mode of operations.
(more…)Call the COPs
Let’s just say any dreams of nailing the top of NVDA, SMH, or any tech-related stock have been mercifully buried six feet under. Let them take NVDA to $5,000 per share, for all I care. I’m going to focus on stuff that actually looks broken. Like, let’s say, Conoco (COP), the energy giant.
