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.

Oil Under Pressure

By -

Heading into the afternoon session, it is Oil that takes the spotlight, now down 4.7% from this morning’s 4-week recovery-rally high at $38.39– and pointed still-lower towards the $36.00-$35.50 support zone. ES (Emini S&P 500) is under pressure too, but unlike Oil, has not inflicted serious technical damage to its 4-week uptrend (yet). To do so, ES must break and sustain below 1975.00, which will trigger lower projections to 1950/45 (quickly).

full-My0mnLXZSGzaYRHn3mccWOriginally published on MPTrader.com by Mike Paulenoff.