Three hours more of waiting. Groan. Anyway, I like what crude is doing!
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.
Energy + Crypto
Good morning, everyone. Well, another exciting week is ahead of us, with FOMC being the highlight on Wednesday, and we’re already off to a good start.
Last night, the /ES tried to mount a rally against the selling. It managed to beautifully match its failure point from Friday before simply resuming the bleeding, As God Intended.
Oil: Where It’s At
An anchor tenet of 2022 for me continues to be oil’s breakdown. In spite of all the narrative-based evidence to the contrary, my view is that oil is heading back down to $70/bbl.
Semi Tough
Now We Can Trade Again
Well, I’m glad that’s over. We got the last ridiculous three-day weekend out of the way, leaving for 2022 just two more holidays, each of them actually worthy of a day off: Thanksgiving and December. Better yet, we’ve got this huge strength of time – – virtually the whole of September, October, and November – – uninterrupted by another let’s-sit-around-and-do-nothing days off. So we can focus on what’s important in life, again, and that’s financial charts and trading them.
I had hoped that over the long weekend, Bitcoin would provide some clues, but this thing has gone totally catatonic. Eleven days of clinging to $20,000 and not budging. It’s truly a site. There are passbook savings accounts at your local bank with more volatility.
