8/1/2011 - THE VULCAN REPORT [Edit or Delete]
Monday, August 1, 2011
8/1/2011 - THE VULCAN REPORT
THE VULCAN REPORT
Review of $0$ CL - LIGHT CRUDE COMPOSITE Continuous (@:CLC1#I)
as of Friday, July 29, 2011
Today's Price Action
Change -1.2700 (-1.31%) prices closed lower than they opened. with weak Bids going into the close.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 9.88
Swing Vix: 14.87
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 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 77 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 1.40%, and has ranged from a high of 99.50 to a low of 94.95.
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 95.68 is needed to re-establish the downward trend. However a close above 102.26 will establish a new upward trend.
TREND STRENGTH - ,,,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 92.79
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 92.54
INTRADAY PRICE PROJECTIONS
RESISTANCE 97.51
SUPPORT 94.83
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 100.62
PulseWave BreakOut SUPPORT - 94.53
VOLATILITY
On 7/29/2011, $0$ CL - LIGHT CRUDE COMPOSITE Continuous closed
above the lower band by 22.8%.
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THE VULCAN REPORT
Review of $0$ XAU/USD - GOLD Spot (XAU USD)
as of Friday, July 29, 2011
Today's Price Action
Change 9.7000 (0.60%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 40.66
Swing Vix: 40.83
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 days
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 38 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period high while the Swing Vix has not. This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.
*Since the last Swing Vix signal, $0$ XAU/USD - GOLD Spot's price has been unchanged, and has ranged from a high of 1,637.50 to a low of 1,613.00.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - STRONG - Bullish Trend,,BULLISH MOMENTUM,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,410.96
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,411.60
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,638.72
SUPPORT 1,611.78
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,610.70
PulseWave BreakOut SUPPORT - 1,581.10
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,090.59
Long term Trend Line resistance is currently at - 1,637.50
Long term Trend Line support is currently at - 1,410.96
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,449.86
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 2,996.77
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,543.68
VOLATILITY
On 7/29/2011, $0$ XAU/USD - GOLD Spot closed
below the upper band by 18.4%.
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.
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THE VULCAN REPORT
Review of $0$ XAG/USD - SILVER Spot (XAG USD)
as of Friday, July 29, 2011
Today's Price Action
Change 0.1500 (0.38%) prices closed higher than they opened. with strong 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: 33.28
Swing Vix: 34.27
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 2 period(s) ago.
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 8 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, $0$ XAG/USD - SILVER Spot's price has decreased 0.89%, and has ranged from a high of 41.46 to a low of 39.30.
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 35.97 is needed to re-establish the downward trend. However a close above 41.06 will establish a new upward trend.
TREND STRENGTH - ,,,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 33.78
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 31.58
INTRADAY PRICE PROJECTIONS
RESISTANCE 40.47
SUPPORT 39.24
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 41.46
PulseWave BreakOut SUPPORT - 38.21
VOLATILITY
On 7/29/2011, $0$ XAG/USD - SILVER Spot closed
below the upper band by 30.8%.
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THE VULCAN REPORT
Review of $0$ ZC - CORN E-CBOT Continuous (@:ZCC1#I)
as of Friday, July 29, 2011
Today's Price Action
Change -17.7500 (-2.59%) 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: 10.53
Swing Vix: 12.55
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 6 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 14 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, $0$ ZC - CORN E-CBOT Continuous's price has decreased 1.88%, and has ranged from a high of 693.00 to a low of 662.25.
MOMENTUM
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 580.88Slightly Bearish - .
TREND STRENGTH - ,,,BEARISH MOMENTUM
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 580.88
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 623.50
INTRADAY PRICE PROJECTIONS
RESISTANCE 685.61 place stoploss here
SUPPORT 661.14 GO SHORT here
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 693.00
PulseWave BreakOut SUPPORT - 670.75
VOLATILITY
On 7/29/2011, $0$ ZC - CORN E-CBOT Continuous closed
below the upper band by 49.7%.
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