Slope of Hope Blog Posts

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Future Quintet

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As we prepare for the week ahead, let’s glance at some charts of long-term commodities. I have a few things to say about each in the caption area.

We begin with crude oil. In the bears’ favor is the enormous rounded top and oil’s history of sinking hard beneath such tops. This is dulled somewhat due to recent price action, which has pierced the pattern. This pattern is down, though, and not out.