Tim Knight, proprietor of Slope of Hope gets to take the lap, to the cheers of the adoring crowd.
All I did was understand what he was saying, guestimate a probability of it working out. and pass it along.
From Slope of Hope:
03, Aug 2021 6:02:13 AM
Rude Crude
Oh, my! Look what our friend crude oil did!
Remarkable chart, isn’t it? Yesterday’s big plunge perfectly tagged the supporting trendline, and crude bounced strongly. Overnight, prices took another swag at the trendline, and bang, the trendline is now broken....
....MORE
He had a second oil post an hour-or-so ago:
Yesterday's links:
Which was followed by:
WTI $70.53 down 0.73 (1.02%) after getting down to $69.19, Brent 72.46 down 0.43.
