Oil Seals the Price Gap
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.
OPEC+ Fade
Crude oil exploded higher after the bloodthirsty, godless MBS (shown below) and friends cut off oil supplies by way of their OPEC+ cartel. Since then, recognizing that the entire globe is heading into a moribund, suffocating economy, oil has been fading the pop, and we’ve almost entirely erased the price hike provoked by these sadists. Keep it coming. I love red!
My Three Sons
I have not given up faith in the oil top, OPEC+ be damned! Here is the long-term continuous contract of crude oil futures:
Oil versus Energy
The surprise OPEC+ announcement two weekends ago solidly pushed oil over what had been a descending trendline of resistance.
Turning the Gas On
Last year, when this long-term sinewave on natural gas was sky-high, I pointed out the opportunity to go short /NG. Well, this thing has been utterly clobbered, and it seems to me we’ve reached an important low. It sure didn’t take long.
