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

THE VULCAN REPORT
Review of $0$ XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Thursday, September 08, 2011


Today's Price Action


Change    0.7900 (1.90%) prices closed higher than they opened.  with strong Bids going into the close.




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     16.91
Swing Vix:     16.07


The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    5 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 36 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/SILVER FUTURES's price has increased 1.92% , and has ranged from a high of  43.50 to a low of  40.38.


     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. -    34.74


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    33.32




INTRADAY PRICE PROJECTIONS
RESISTANCE    42.79 -  GO LONG here    43.57 place stoploss here    40.69


SUPPORT    41.21 -  -  


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    45.32- GO LONG here    45.32 place stoploss here    40.69


PulseWave BreakOut SUPPORT -    37.04-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =    79.97
Long term Trend Line resistance is currently at -    49.82
Long term Trend Line support is currently at -    34.74




VOLATILITY
On 9/8/2011, $0$ XAG/USD - SILVER Spot/SILVER FUTURES closed   
below the upper band by 29.4%.