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7/26/2011 - CRUDE OIL FUTURES

|Includes: Invesco DB Oil ETF (DBO), ERX, OIH, UCO
Tuesday, July 26, 2011
7/26/2011 - CRUDE OIL FUTURES
 
THE VULCAN REPORT
Review of CRUDE OIL FUTURES (US@CL.1)
as of Tuesday, July 26, 2011


Today's Price Action


Change    0.5900 (0.60%) prices closed higher than they opened.  with strong Bids going into the close.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     36.69
Swing Vix:     34.55


The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    3 period(s) ago. The Swing Vix is above 29.  This is where it usually forms Resistance.  The Swing Vix usually forms Resistance before the underlying security.  
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.  


*The last signal was a Over-Bought Sell 58 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.The Swing Vix has set a new 14-period high while the security price has not.  This is a bullish divergence. Since the PulseScan leads the market 3-5 days out  We will wait to see if an upside breakout occurs.
      
  *Since the last Swing Vix signal, CRUDE OIL FUTURES's price has increased 0.50% , and has ranged from a high of 100.19 to a low of  97.20.


     MOMENTUM


     MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below    97.03 is needed to re-establish the downward trend. However a close above   102.99 will establish a new upward trend.


        TREND STRENGTH - ,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    92.79
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    92.27
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -    98.10 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -    98.04 


INTRADAY PRICE PROJECTIONS
RESISTANCE    99.85
SUPPORT    98.75


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    99.21
PulseWave BreakOut SUPPORT -    94.53


VOLATILITY
On 7/26/2011, CRUDE OIL FUTURES closed   
below the upper band by 13.0%.
    


Risk Disclosure
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education onlyThe risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser.


This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.


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