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%.
PulseWave Trading "Trigger Trade System" Daily Stock,Forex & Futures Analysis and Commentary.
Showing posts with label CL - LIGHT CRUDE COMPOSITE Continuous. Show all posts
Showing posts with label CL - LIGHT CRUDE COMPOSITE Continuous. Show all posts
Thursday, September 29, 2011
Friday, September 23, 2011
9/23/2011 - CL - LIGHT CRUDE COMPOSITE Continuous
THE VULCAN REPORT
Review of $0$ CL - LIGHT CRUDE COMPOSITE Continuous (@:CLC1#I)
as of Thursday, September 22, 2011
Today's Price Action
Change -4.2700 (-5.04%) 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: -17.04
Swing Vix: -9.66
The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 3 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 32 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s). This is bearish.
*Since the last Swing Vix signal, $0$ CL - LIGHT CRUDE COMPOSITE Continuous's price has decreased 6.33%, and has ranged from a high of 87.99 to a low of 79.66.
MOMENTUM
MARKET TREND - Currently the TREND is .
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 KUMO-BREAKDOWN,,,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. - 91.00
INTRADAY PRICE PROJECTIONS
RESISTANCE 85.27 - GO LONG here 87.07 place stoploss here 76.39
SUPPORT 79.39 - GO SHORT here 76.39 - place stoploss here 87.07
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 9/22/2011, $0$ CL - LIGHT CRUDE COMPOSITE Continuous closed below the lower band by 23.7%.
Review of $0$ CL - LIGHT CRUDE COMPOSITE Continuous (@:CLC1#I)
as of Thursday, September 22, 2011
Today's Price Action
Change -4.2700 (-5.04%) 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: -17.04
Swing Vix: -9.66
The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 3 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 32 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s). This is bearish.
*Since the last Swing Vix signal, $0$ CL - LIGHT CRUDE COMPOSITE Continuous's price has decreased 6.33%, and has ranged from a high of 87.99 to a low of 79.66.
MOMENTUM
MARKET TREND - Currently the TREND is .
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 KUMO-BREAKDOWN,,,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. - 91.00
INTRADAY PRICE PROJECTIONS
RESISTANCE 85.27 - GO LONG here 87.07 place stoploss here 76.39
SUPPORT 79.39 - GO SHORT here 76.39 - place stoploss here 87.07
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 9/22/2011, $0$ CL - LIGHT CRUDE COMPOSITE Continuous closed below the lower band by 23.7%.
Wednesday, September 14, 2011
9/15/2011 - CL - LIGHT CRUDE COMPOSITE Continuous
THE VULCAN REPORT
Review of $0$ CL - LIGHT CRUDE COMPOSITE Continuous (@:CLC1#I)
as of Wednesday, September 14, 2011
Today's Price Action
Change -1.2500 (-1.39%) prices closed lower than they opened. with weak Bids going into the close.
An engulfing bearish line occurred (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend (which appears to be the case with $0$ CL - LIGHT CRUDE COMPOSITE Continuous). It then signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 26.46
Swing Vix: 27.55
The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 daysThe 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 26 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 been unchanged, and has ranged from a high of 90.25 to a low of 88.21.
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. - 93.73
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 91.13
INTRADAY PRICE PROJECTIONS
RESISTANCE 90.35 -
SUPPORT 88.11 - -
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 93.24-
PulseWave BreakOut SUPPORT - 81.53-
VOLATILITY
On 9/14/2011, $0$ CL - LIGHT CRUDE COMPOSITE Continuous closed
below the upper band by 30.5%.
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.
Review of $0$ CL - LIGHT CRUDE COMPOSITE Continuous (@:CLC1#I)
as of Wednesday, September 14, 2011
Today's Price Action
Change -1.2500 (-1.39%) prices closed lower than they opened. with weak Bids going into the close.
An engulfing bearish line occurred (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend (which appears to be the case with $0$ CL - LIGHT CRUDE COMPOSITE Continuous). It then signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 26.46
Swing Vix: 27.55
The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 daysThe 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 26 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 been unchanged, and has ranged from a high of 90.25 to a low of 88.21.
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. - 93.73
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 91.13
INTRADAY PRICE PROJECTIONS
RESISTANCE 90.35 -
SUPPORT 88.11 - -
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 93.24-
PulseWave BreakOut SUPPORT - 81.53-
VOLATILITY
On 9/14/2011, $0$ CL - LIGHT CRUDE COMPOSITE Continuous closed
below the upper band by 30.5%.
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.
Monday, August 15, 2011
8/15/2011 - CL - LIGHT CRUDE COMPOSITE Continuous
THE VULCAN REPORT
Review of $0$ CL - LIGHT CRUDE COMPOSITE Continuous (@:CLC1#I)
as of Friday, August 12, 2011
Today's Price Action
Change -0.0300 (-0.04%) prices closed lower than they opened. with weak Bids going into the close.
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -22.38
Swing Vix: -24.30
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 3 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 3 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 3.99% , and has ranged from a high of 87.37 to a low of 75.71.
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. - 92.79
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 92.21
INTRADAY PRICE PROJECTIONS
RESISTANCE 87.54 - GO LONG here 88.95 place stoploss here 82.27
SUPPORT 83.86 - -
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 102.06-
PulseWave BreakOut SUPPORT - 91.95-
MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 92.79
Long term Trend Line support is currently at - 70.76
BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 26.69
VOLATILITY
On 8/12/2011, $0$ CL - LIGHT CRUDE COMPOSITE Continuous closed
above the lower band by 22.6%.
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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