9/15/2011 - XAG/USD - SILVER Spot/SILVER FUTURES

THE VULCAN REPORT
Review of $0$ XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Wednesday, September 14, 2011


Today's Price Action


Change   -0.3700 (-0.90%) prices closed lower than they opened. with weak Bids going into the close. 




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     -1.40
Swing Vix:     -0.32


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    3 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 40 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.The Swing Vix has set a new 14-period low while the security price 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, $0$ XAG/USD - SILVER Spot/SILVER FUTURES's price has decreased 2.04%, and has ranged from a high of  42.78 to a low of  39.75.


     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.,,BULLISH MOMENTUM,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    34.83


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    33.58




INTRADAY PRICE PROJECTIONS
RESISTANCE    41.47 -   


SUPPORT    40.26 - GO SHORT here    39.75 - place stoploss here    41.95 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    44.75- GO LONG here    44.75 place stoploss here    39.75


PulseWave BreakOut SUPPORT -    37.04-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =    79.79
Long term Trend Line resistance is currently at -    49.82
Long term Trend Line support is currently at -    34.83


VOLATILITY
On 9/14/2011, $0$ XAG/USD - SILVER Spot/SILVER FUTURES closed   
above the lower band by 31.3%.