Slope of Hope Charts & Technical Analysis for Short Sellers

Slope of Hope Charts & Technical Analysis for Short Sellers

Energy Forsooth!

Slope of Hope's avatar
Slope of Hope
Apr 30, 2025
∙ Paid

One asset which, unlike equities, has managed to go down persistently for more than twelve minutes, has been crude oil. I've been harping on the failed right triangle pattern every day for the past week, and this continues to perform. Crude is down yet again this morning, with futures off over 1% and the USO, shown below on a daily basis, tumbling nicel…

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