9/14/2011 - CL - LIGHT CRUDE COMPOSITE Continuous

THE VULCAN REPORT
Review of $0$ CL - LIGHT CRUDE COMPOSITE Continuous (@:CLC1#I)
as of Tuesday, September 13, 2011


Today's Price Action


Change    0.8300 (0.93%) prices closed higher than they opened.  with strong Bids going into the close.




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     32.13
Swing Vix:     29.75


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    1 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 25 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, $0$ CL - LIGHT CRUDE COMPOSITE Continuous's price has increased 0.93% , and has ranged from a high of  90.52 to a low of  85.00.


     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    87.66 is needed to re-establish the downward trend. However a close above    89.55 will establish a new upward trend.


        TREND STRENGTH - ,,,


TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -    93.25


The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    91.17




INTRADAY PRICE PROJECTIONS
RESISTANCE    90.66 -   


SUPPORT    87.67 -  -  


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    93.24-  


PulseWave BreakOut SUPPORT -    81.53-  




VOLATILITY
On 9/13/2011, $0$ CL - LIGHT CRUDE COMPOSITE Continuous closed   
below the upper band by 16.2%.
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.