6/28/2011 - GOLD FUTURES

THE VULCAN REPORT
Review of GOLD FUTURES (US@GC.1)
as of Monday, June 27, 2011


Today's Price Action


Change   -4.4000 (-0.29%) 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.
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:    -14.94
Swing Vix:     -8.68


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    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 17 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period low while the Swing Vix has not.  This is a bullish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if an upside breakout occurs.
      
  *Since the last Swing Vix signal, GOLD FUTURES's price has decreased 1.58%, and has ranged from a high of 1,549.60 to a low of 1,490.80.


     MOMENTUM


     MARKET TREND - Currently the TREND is - Neutral within the Bullish KUMO Consolidation cloud (Possible Trend Reversal) with Downside Bearish Breakout risk. A close above 1,507.13 is needed to re-establish the upward trend. However A close below 1,479.05 will establish a new downward trend.


        TREND STRENGTH - ,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,366.50
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,373.59
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. - 1,502.36 
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. - 1,525.74 


INTRADAY PRICE PROJECTIONS
RESISTANCE 1,506.86
SUPPORT 1,490.04


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,559.30
PulseWave BreakOut SUPPORT - 1,511.40


VOLATILITY
On 6/27/2011, GOLD FUTURES closed below the lower band by 11.3%.  

Risk Disclosure

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.


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