THE VULCAN REPORT (WEEKLY) Review of /QM LIGHT SWEET CRUDE OIL (QM) as of Monday, January 25, 2016

THE VULCAN REPORT
Review of /QM LIGHT SWEET CRUDE OIL (QM)
as of Monday, January 25, 2016



Today's Price Action

Change    1.5000 (4.65%) prices closed higher than they opened.  with strong Bids going into the close.

MARKET SENTIMENT

PulseScan Swing Vix

PulseScan:    -22.86
Swing Vix:    -24.33

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    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 Trend Channel is UP!  (i.e. "Positive Swing Vix") This means that positive momentum is entering the market. Expect sideways to higher prices within the next 3-5 days


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  4 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, /QM LIGHT SWEET CRUDE OIL's price has been unchanged, and has ranged from a high of 34.8300 to a low of 29.2500.

              MOMENTUM

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

        TREND STRENGTH - STRONG -  Bearish Trend,


TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -  66.5550
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -  64.1811
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -  47.0320
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. -  35.8446


INTRADAY PRICE PROJECTIONS
RESISTANCE  35.1090
SUPPORT  32.7780

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -  51.1850
PulseWave BreakOut SUPPORT -  27.3415

Long term Trend Line resistance is currently at -  66.5550
Long term Trend Line support is currently at -  27.5800
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET = 50.3700

DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET = 128.3200
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET = 206.2700
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET = 284.2200


VOLATILITY
On 1/25/2016, /QM LIGHT SWEET CRUDE OIL closed
above the lower band by 18.1%.
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.  



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