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7/5/2010 - OIL - THE VULCAN REPORT Review of NYMEX Crude Oil FUTURES (CL) as of Friday, July 02, 2010

Monday, July 5, 2010 7/5/2010 - OIL - THE VULCAN REPORT Review of NYMEX Crude Oil FUTURES (NYSE:CL) as of Friday, July 02, 2010
 
THE VULCAN REPORT
Review of NYMEX Crude Oil FUTURES (CL)
as of Friday, July 02, 2010


    CHART PATTERNS

A black body occurred (because prices closed lower than they opened).

During the past 10 bars, there have been 4 white "UP" candles and 6 black "DOWN" candles for a net of 2 black (DOWN) candles.

During the past 50 bars, there have been 23 white "UP"  candles and 27 black "DOWN" candles for a net of 4 black (DOWN) candles.

PulseScan Swing Vix              Swing Index

PulseScan:    -13.41
Swing Vix:     -4.76

The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    4 period(s) ago. The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.    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  8 period(s) Ago.

The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.

        Since the last Swing Vix signal, NYMEX Crude Oil FUTURES's price has decreased 7.81%, and has ranged from a high of 79.3800 to a low of 71.6200.

     MARKET TREND

Currently the TREND is Slightly Bearish - - Down.
        TREND STRENGTH - Bearish Consolidation - Long term Trend Line support is currently at 58.3200

The close is currently Below it's Long Term period moving average. 72.7350
The close is currently Below  it's Intermediate Term period moving average. 76.3928
The close is currently Below  it's Short Term period moving average. 75.2543
     
    VOLATILITY

On 7/2/2010, NYMEX Crude Oil FUTURES closed  
above the lower band by 9.2%.

This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.")


PANDORA'S LITTLE BLACK BOX

PulseScan LONG ENTRY :  


Swing Vix SHORT ENTRY : 

WARNING  - Possible Inside Day/Bearish Retracement rally off previous low -  73.4680
   
INTRADAY PRICE PROJECTIONS
        RESISTANCE  72.9840
        SUPPORT  72.0160


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.



=================================================================
THE VULCAN REPORT
Review of ETF - Light Sweet Crude Oil  FUTURES (NYSEARCA:OIH)
as of Friday, July 02, 2010


    CHART PATTERNS

A black body occurred (because prices closed lower than they opened).

During the past 10 bars, there have been 3 white "UP" candles and 7 black "DOWN" candles for a net of 4 black (DOWN) candles.

During the past 50 bars, there have been 18 white "UP"  candles and 32 black "DOWN" candles for a net of 14 black (DOWN) candles.

PulseScan Swing Vix              Swing Index

PulseScan:    -30.18
Swing Vix:    -26.47

The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    7 period(s) ago. The Swing Vix is below -29.  This is where it usually forms Support.  The Swing Vix usually forms Support 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-Sold Buy 26 period(s) Ago.


The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.
The Swing Vix has set a new 14-period low while the security price has not.  This is a bearish divergence.
        Since the last Swing Vix signal, ETF - Light Sweet Crude Oil  FUTURES's price has decreased 3.77%, and has ranged from a high of 100.8300 to a low of 93.3600.

     MARKET TREND

Currently the TREND is Slightly Bearish - - Down.
        TREND STRENGTH - Bearish Consolidation - Long term Trend Line support is currently at 86.9600

The close is currently Below it's Long Term period moving average.111.3850
The close is currently Below  it's Intermediate Term period moving average.106.3202
The close is currently Below  it's Short Term period moving average. 97.3572
     
    VOLATILITY

On 7/2/2010, ETF - Light Sweet Crude Oil  FUTURES closed  
above the lower band by 38.1%.

PANDORA'S LITTLE BLACK BOX

PulseScan LONG ENTRY : 
 

 Swing Vix SHORT ENTRY : 

WARNING  - Possible Inside Day/Bearish Retracement rally off previous low -  98.4150
   
INTRADAY PRICE PROJECTIONS
        RESISTANCE  97.6175
        SUPPORT  96.0225

WEEKLY PRICE PROJECTIONS
   RESISTANCE 107.0200
   SUPPORT  93.3600

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.





======================================================================


THE VULCAN REPORT
Review of United States Oil Fund ETF (NYSEARCA:USO)
as of Friday, July 02, 2010


    CHART PATTERNS

A black body occurred (because prices closed lower than they opened).

During the past 10 bars, there have been 1 white "UP" candles and 9 black "DOWN" candles for a net of 8 black (DOWN) candles.

During the past 50 bars, there have been 20 white "UP"  candles and 30 black "DOWN" candles for a net of 10 black (DOWN) candles.

Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

PulseScan Swing Vix              Swing Index

PulseScan:    -29.93
Swing Vix:    -21.65

The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    8 period(s) ago. The Swing Vix is below -29.  This is where it usually forms Support.  The Swing Vix usually forms Support 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  9 period(s) Ago.

The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.

        Since the last Swing Vix signal, United States Oil Fund ETF's price has decreased 6.86%, and has ranged from a high of 35.7100 to a low of 32.3200.

     MARKET TREND

Currently the TREND is VERY-BEARISH- Down.
        TREND STRENGTH - Bearish Consolidation - Long term Trend Line support is currently at 30.9300

The close is currently Below it's Long Term period moving average. 36.5600
The close is currently Below  it's Intermediate Term period moving average. 35.6630
The close is currently Below  it's Short Term period moving average. 33.9983
     
    VOLATILITY

On 7/2/2010, United States Oil Fund ETF closed  
above the lower band by 2.7%.

This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.")


PANDORA'S LITTLE BLACK BOX

PulseScan LONG ENTRY :
  

Swing Vix SHORT ENTRY : 

WARNING  - Possible Inside Day/Bearish Retracement rally off previous low -  33.0970
   
INTRADAY PRICE PROJECTIONS
        RESISTANCE  32.8935
        SUPPORT  32.4865


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.



Disclosure: none