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7/21/2010 - OIH - THE VULCAN REPORT Review of ETF - Light Sweet Crude Oil FUTURES (OIH) as of Tuesday, July 20, 2010

|Includes: VanEck Vectors Oil Services ETF (OIH)
7/21/2010 - OIH - THE VULCAN REPORT Review of ETF - Light Sweet Crude Oil FUTURES (NYSEARCA:OIH) as of Tuesday, July 20, 2010
 
 THE VULCAN REPORT
Review of ETF - Light Sweet Crude Oil  FUTURES (OIH)
as of Tuesday, July 20, 2010

Today's Price Action

Change    3.4800 (3.38%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     35.23
Swing Vix:     34.23

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    9 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-Sold Buy 37 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.
        *Since the last Swing Vix signal, ETF - Light Sweet Crude Oil  FUTURES's price has increased 4.75% , and has ranged from a high of 106.7900 to a low of 97.9500.
     
       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  99.2325 is needed to re-establish the downward trend. However a close above 112.6450 will establish a new upward trend.
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 111.3850
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. - 105.2117
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 102.6284


    INTRADAY PRICE PROJECTIONS
    RESISTANCE 105.5255
    SUPPORT 102.4345

   WEEKLY PRICE PROJECTIONS
   RESISTANCE 104.7500
   SUPPORT 100.5500

MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 111.3850
Long term Trend Line support is currently at -  86.9600
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =  38.1100
   
       VOLATILITY
On 7/20/2010, ETF - Light Sweet Crude Oil  FUTURES closed 
below the upper band by 4.1%.

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.


     IN PLAY - (PANDORA'S LITTLE BLACK BOX)

BULL MARKET LONG/SHORT Signals :   

THIS SECURITY IS NOT IN PLAY AT THIS TIME!

BEAR MARKET LONG/SHORT Signals :

THIS SECURITY IS NOT IN PLAY AT THIS TIME!





Risk Disclosure General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The 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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