What I feared for is happened.Support gone and a move to around 2 would also not surprising me.The 4 $ some had in mind till end this year will be wishfull thinking I guess.

The Dow and other indexes lost supprt too.Oktober will be a scary month.

Now that we have seen the trouble in the bank sector the next we will see is sliding earnings from the other companies in Q3 and for sure Q4.Not bright future ahead in short time.

The fear here in the banking sector is not over yet here in Belgium too.Now it becomes clear that Fortis bank was almost bankrupt past week.I heard that also Europe has about the same debt problems like in the States even they denied it was so bad at first.

I don't see no reason what could support the oil price to climb.