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Tuesday, February 2, 2016

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.  



General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!

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