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.

Oil Escalated Quickly, So What Now?

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In my last post on oil on Tuesday 3rd March I was laying out the very bullish scenario on oil that had been forming since a series of falling wedges from the 2022 highs on light crude, heating oil and gasoline broke up in June 2025.

The large bottoming patterns on heating oil and gasoline had already started to break up when I wrote that post, and by Sunday night the double bottom on light crude had also broken up, and all of those bottoming patterns had reached target. So what now?

Well, I’ve been doing a lot of reading on the Iran conflict over the last few days, and it’s hard to say how long this war might last.

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It Takes Two To Tango

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In my last post on Thursday 5th March I was looking at the possible topping setups on the US indices in the light of the war on Iran that started on Saturday February 28th.

That war is ongoing and while the US is now extending feelers about a ceasefire to the Iranian side, those have so far been rejected. That may be because the initial attacks on Iran were launched while the last peace talks were still ongoing, or it could be that Iran’s new Supreme Leader is still a bit annoyed about his parents, wife, and one of his children being killed in those attacks, but ultimately the problem here is that while one side unilaterally can start a war by attacking, one side unilaterally can only end a war by surrendering. Any other outcome requires at least some cooperation between the warring sides.

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