Natural gas popped higher yesterday, and everyone was scurrying around saying it was time to buy NG. Zerohedge was particularly enthusiastic. Well, the pop didn’t last. My sinewave continues to hold sway:
Sine of the Times
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.
One Leads the Other
As long as USO doesn’t exceed 67.33, I think oil is going to slip beneath this right triangle pattern. Crude oil, in general, I believe is going to have a weak 2023.
Riding The Natural Gas Rollercoaster
Tadawul Still Super-Bearish
This portends great fortune for energy bears.
Maalox Moment
By far the greatest use of a sine wave I’ve ever done in charting was the one for the long-term natural gas continuous contract (how often have you heard THOSE words at a cocktail party?)
