02/02/2011 - Crude Oil Futures

THE VULCAN REPORT
Review of $CL - LIGHT CRUDE COMPOSITE Continuous (@:CLc1#I)
as of Tuesday, February 01, 2011


Today's Price Action


Change   -1.6900 (-1.83%) prices closed lower than they opened. with weak Bids going into the close. 


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:      0.80
Swing Vix:     -5.61


The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP 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-Bought Sell 23 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, $CL - LIGHT CRUDE COMPOSITE Continuous's price has increased 1.30% , and has ranged from a high of 92.8400 to a low of 85.1100.


     MOMENTUM


     MARKET TREND - Currently the TREND is .There is currently no trend reading at this time.


        TREND STRENGTH - STRONG - Bullish Trend,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -  78.5400
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  80.0504
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -  87.5954 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -  89.1789 


INTRADAY PRICE PROJECTIONS
RESISTANCE  91.9730
SUPPORT  90.8070


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -  92.3900
PulseWave BreakOut SUPPORT -  85.1100


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 121.4400
Long term Trend Line resistance is currently at -  92.8400
Long term Trend Line support is currently at -  78.5400


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 207.2400
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 178.6400
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 150.0400


VOLATILITY
On 2/1/2011, $CL - LIGHT CRUDE COMPOSITE Continuous closed   
below the upper band by 36.4%.
This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.     

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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