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.

Crude Rotation

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I’m in total agreement that grease monkeys need not get excited unless they rip apart 5430s.  However, this week marks the first in many weeks that WTI has rotated right back to where it all started – the Weekly Opening Range (WOR) that was set Sunday night:

CL_2015-02-13

Experts are saying oil will head to $200 or $20 – pick a side.  Meanwhile, it’s been a nice bullish week and we’ll change our minds if they start breaking down weekly opening ranges again.

There’s no point in having a bias, only order flow 😉

What Do Texas Grease and PCLN Have In Common?

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In the laboratory and test kitchens here at TFP, we have been having some fun with volatility.  One of our latest studies focuses on statistically prominent inflections in order flow.  A favorite setup for light, sweet, and sometimes crude oil is the Sunday Night Snapout – a nice surge right as the globex session opens on Sunday evenings after squeezing shorts the preceding week. (more…)