Wednesday, 23 September 2015

2pm update - utterly tedious

Equity indexes are back to flat.. on what is one of the most tedious days in months. Few buyers.. but even fewer sellers. Notable weakness in Oil, -2.7% in the $44s, having seen a powerful reversal from an early high of the $47s.


USO, daily2


re: Oil, bearish engulfing candle.. soft trend break... there is nothing good there..having failed a few times in recent days to break into the USO $16s.

As for the broader market... nothing to add.

I'll be glad to move on to tomorrow, It can't be any worse? Ohh, but there is the Yellen of course, tomorrow evening. Would she threaten QE4 'if conditions make it necessary?'

back at 3pm