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.

Copper Breaks Through Major Support

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The following Weekly chart of Copper shows that price has broken below a major support level of 2.5517 (confluence of Fibonacci Retracement, Fibonacci Fanlines, and downtrending channel) and is hovering above price support level of 2.385.

Failure to reclaim and hold above what is now major resistance at 2.5517 and a drop and hold below 2.385 could see Copper plunging to 2008 lows of 1.255.

USD and Euro Approach Key Date

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A fellow Sloper was kind enough to send me this post for you all……

The US $ is close to a reversal and days around Jan 22, 2015 are going to be key.  Long-Term the Euro is flawed but over the near term might be time to get bullish on the Euro and bearish on the US $

Fundamentals

The Fundamentals for a strong US Dollar and a weak Euro are many:

  • US economy is perceived to be strengthening, Europe weakening
  • FED raising rates, ECB lowering rates and easing.
  • Possible breakup of EuroZone
  • ECB wants lower Euro

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