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7/29/2010 - THE VULCAN REPORT Review of ETF - Light Sweet Crude Oil FUTURES (OIH) as of Wednesday, July 28, 2010

|Includes: VanEck Vectors Oil Services ETF (OIH)

 7/29/2010 - OIH - THE VULCAN REPORT Review of ETF - Light Sweet Crude Oil FUTURES (NYSEARCA:OIH) as of Wednesday, July 28, 2010

 
THE VULCAN REPORT
Review of ETF - Light Sweet Crude Oil  FUTURES (OIH)
as of Wednesday, July 28, 2010


Today's Price Action


Change   -0.9800 (-0.93%) prices closed lower than they opened. with weak Bids going into the close. 


     MARKET SENTIMENT
  
PulseScan Swing Vix
PulseScan:     21.47
Swing Vix:     23.84


The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    2 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-Sold Buy 43 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging.
      
  *Since the last Swing Vix signal, ETF - Light Sweet Crude Oil  FUTURES's price has decreased 1.15%, and has ranged from a high of 108.8500 to a low of 103.4500.


     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 101.1500 is needed to re-establish the downward trend. However a close above 112.6450 will establish a new upward trend.


        TREND STRENGTH - ,
There is currently no trend strenght reading at this time.


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. - 105.1875 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 104.3694 




INTRADAY PRICE PROJECTIONS
RESISTANCE 105.4405
SUPPORT 104.4395


WEEKLY PRICE PROJECTIONS
RESISTANCE 108.8500
SUPPORT 100.5500


VOLATILITY
On 7/28/2010, ETF - Light Sweet Crude Oil  FUTURES closed   
below the upper band by 32.7%.
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.


     IN PLAY - (PANDORA'S LITTLE BLACK BOX)


LONG Signals :   


LONG POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!


SHORT Signals :  


 SHORT POSITIONS FOR THIS SECURITY ARE 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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