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.

Broken Rhyme On Natural Gas

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I did a post a month ago looking at the triangles on Oil & Natural Gas. I’ve been following both since, amid the intermittent turbulence in the Middle East, and the rhyming triangles scenario I laid out in the post likely failed on Friday on natural gas. I’ll cover that further down but first I’ll review where we are up to on oil.

On the WTIC chart the triangle that broke down had a target at a retest of the May 2023 low at 63.57, and that remains the case. Invalidation of that target would be at a break back over triangle resistance, currently in the 81.2 area.

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Lactose Intolerant

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When I was a kid, the business fantasy in America was “if we could just sell one Coke to every person in China….……” Of course,, never did the folks in the 1970s dream of what the China/U.S. relationship would be these days, in which American cities are old and decrepit looking compared to almost any major Chinese city (of which there are hundreds).

Starbucks isn’t trying to sell Coke, of course, but they are trying to sell coffee, and they aren’t exactly setting the world on fire, since the oddly-named Luckin is smoking them.

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