THE VULCAN REPORT
Review of $0$ XAG/USD - SILVER Spot (XAG USD)
as of Friday, August 12, 2011
Today's Price Action
Change 0.3500 (0.90%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -18.24
Swing Vix: -19.48
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 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 18 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 been unchanged, and has ranged from a high of 39.23 to a low of 38.21.
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 35.33 is needed to re-establish the downward trend. However a close above 40.93 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. - 32.18
INTRADAY PRICE PROJECTIONS
RESISTANCE 39.28 -
SUPPORT 38.16 -
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 43.71
PulseWave BreakOut SUPPORT - 37.56
VOLATILITY
On 8/12/2011, $0$ XAG/USD - SILVER Spot closed
above the lower band by 34.2%.
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