10/26/2011 - XAG/USD - SILVER Spot/SILVER FUTURES

THE VULCAN REPORT
Review of $0$ XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Tuesday, October 25, 2011

Today's Price Action

Change    0.7300 (2.31%) prices closed higher than they opened.  with strong Bids going into the close.

Three white candles occurred in the last three days.  Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

     MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:      4.73
Swing Vix:      2.19

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    1 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 44 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 2.31% , and has ranged from a high of  33.38 to a low of  31.23.

     MOMENTUM

     MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution.

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

TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -    36.31

The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    33.39


INTRADAY PRICE PROJECTIONS
RESISTANCE    34.40 -  GO LONG here    33.48 place stoploss here    30.34

SUPPORT    30.34 - GO SHORT here    31.25 - place stoploss here    34.40

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    33.16-

PulseWave BreakOut SUPPORT -    29.86- GO SHORT here    29.86 place stoploss here    34.40


MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at -    36.31
Long term Trend Line support is currently at -    22.81
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =    -4.20

VOLATILITY
On 10/25/2011, $0$ XAG/USD - SILVER Spot/SILVER FUTURES closed  
below the upper band by 16.8%.