7/26/2010 - OIH - THE VULCAN REPORT Review of ETF - Light Sweet Crude Oil FUTURES (OIH) as of Friday, July 23, 2010

THE VULCAN REPORT
Review of ETF - Light Sweet Crude Oil  FUTURES (OIH)
as of Friday, July 23, 2010


Today's Price Action
Change   -0.6700 (-0.64%) prices closed higher than they opened.  with strong Bids going into the close.


     MARKET SENTIMENT
  
PulseScan Swing Vix
PulseScan:     34.75
Swing Vix:     33.98


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    0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher prices within the next 3-5 days 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 40 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 been unchanged, and has ranged from a high of 105.0800 to a low of 102.8000.


     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  99.9850 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. - 105.1704 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 103.6169 


         INTRADAY PRICE PROJECTIONS
        RESISTANCE 104.5670
SUPPORT 103.3130


       WEEKLY PRICE PROJECTIONS
   RESISTANCE 104.7500
   SUPPORT 100.5500


VOLATILITY
On 7/23/2010, ETF - Light Sweet Crude Oil  FUTURES closed   
below the upper band by 24.3%.
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 ENTRY- 105.1940
   Profit Target 113.3433
   Stop Loss 102.6860




SHORT Signals :  


  


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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