9/29/2011 - CL - LIGHT CRUDE COMPOSITE Continuous

THE VULCAN REPORT
Review of $0$ CL - LIGHT CRUDE COMPOSITE Continuous (@:CLC1#I)
as of Wednesday, September 28, 2011


Today's Price Action


Change   -2.8200 (-3.37%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened.  If the candle appears when prices are "high," it may be the first sign of a top.  If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance.  Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area. 




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:    -21.90
Swing Vix:    -22.29


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    1 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 36 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 decreased 3.37%, and has ranged from a high of  84.77 to a low of  80.54.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution.


        TREND STRENGTH - WEAK - RANGE BOUND  (Prices have ceased trending and have become consolidated at this time) The market has put in a short term bottom. This means that the bears are liquidating short positions thus taking some profit off the table.,,,BEARISH MOMENTUM


TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -    93.79


The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    90.75




INTRADAY PRICE PROJECTIONS
RESISTANCE    86.08 -   


SUPPORT    77.92 - GO SHORT here    80.34 - place stoploss here    86.08 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    93.24-  


PulseWave BreakOut SUPPORT -    81.53-  




MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at -    93.79
Long term Trend Line support is currently at -    72.75
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =    30.67


VOLATILITY
On 9/28/2011, $0$ CL - LIGHT CRUDE COMPOSITE Continuous closed   
above the lower band by 9.6%.