Markets are in the transition away from QE.QE help to kick-start the economy after it slipped into a recession. Artificially lowering the short-term lending rate to nearly zero was supposed to make banks lend more money to businesses and people.
The ultra-low-interest-rate environment has made it cheaper to borrow money—and is recognized as being the fuel that has propelled the stock market higher. The Federal Reserve has hinted it will start to wean investors off cheap money in 2015, when it begins to raise interest rates.
Raising interest rates by just 50 basis points could have a serious, negative impact on the broader economy and, by extension, the U.S. stock market. Continued economic challenges in the eurozone and Asia will also have a detrimental affect on the U.S. stock market.

Last chance for oil to reach 53 if the 43 level hold.The crude oil inventories news @ 2230 hrs will determine direction.

Need to break 43 and may visit previous low.

Bounce up nicely from H1 200EMA.

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Take my first short 46.60 and hopefully this time head and shoulder neckline which could potentially be very bearish if the neckline is broken.

The conservative projection (orange line) would be around $41.25 which coincides with a prior region of support and resistance. The more aggressive projection (red line) would be around $38 which coincides with 26 August lows and falls just above this year’s low.

This post has been edited by Rambo69: Sep 3 2015, 02:48 AM


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Start falling...anyway,don't rule out 47.6 max.(upper channel of right shoulder).

This post has been edited by Rambo69: Sep 3 2015, 10:10 AM


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I want it 41. will add more short if the neck line is broken.

My pending short 47.5 triggered.Hope can break 44 for further down.

Good nos and bad nos also drop.

Technically also bearish after failure to make new high once touched 200 ema on H1.

...but i'm afraid its could turn the other way round.

Min. 42 next week.

China markets were closed for 2 days. Monday is a u.s. holiday. i really dont know, but i speculate. if the Asian markets drops early next week(concerns about China back into play), the oil may drop . Monday w/o u.s. markets trading. if those markets drop. on Tuesday when u.s. opens, there is no telling what they are waking into.

This post has been edited by Rambo69: Sep 5 2015, 06:59 PM

Potentially more short squeeze in coming days.

Managed to close half of my short on oil, feel uncomfortable with 61.8 % fibo@ 53.
I'm expecting huge mini rallies before big crash.

Strong support around 33-35.if break then we will see 20.

My bet only 25 % chance the fed will hike rates.
Low oil price is the culprit to the inflation rate.

Sound like how rates will move higher is actually far more important than when they move higher.

Yeah...It will be very gradually if there is rate hike but won’t happen until central bankers are certain the first increase is having its desired impact and the US
economy can stand on its own without stimulus.

Be careful! don't fall in bull trap.