THE VULCAN REPORT Review of SILVER FUTURES (US@SI.1) as of Tuesday, June 07, 2011 11:00 AM

THE VULCAN REPORT
Review of SILVER FUTURES (US@SI.1)
as of Tuesday, June 07, 2011 11:00 AM

Today's Price Action

Change   -1.0000 (-0.03%)

A doji star occurred (where a doji gaps above or below the previous candle).  This often signals a reversal with confirmation occurring on the next bar.
A gravestone doji occurred.  This often signifies a top (the longer the upper shadow, the more bearish the signal).

     MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     18.31
Swing Vix:     22.15

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  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, SILVER FUTURES's price has decreased 0.88%, and has ranged from a high of 3,740.0000 to a low of 3,689.0000.

     MOMENTUM

     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.

        TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 3,659.2500
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 3,668.6814
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 3,679.1882
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. - 3,706.7158
Today's Sell off pushed prices on the close below the short term trendline resistance

INTRADAY PRICE PROJECTIONS
RESISTANCE 3,698.0000
SUPPORT 3,698.0000

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 3,752.0000
PulseWave BreakOut SUPPORT - 3,652.0000

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 4,335.0000
Long term Trend Line resistance is currently at - 3,884.5000
Long term Trend Line support is currently at - 3,659.2500

MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 5,686.5000
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 5,236.0000
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 4,785.5000

VOLATILITY
On 6/7/2011 11:00 AM, SILVER FUTURES closed  
below the upper band by 43.6%.

sk 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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