4/30/2012 - THE VULCAN REPORT Review of $0$ FUT $XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD) as of Friday, April 27, 2012

THE VULCAN REPORT
Review of $0$ FUT $XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Friday, April 27, 2012

Today's Price Action

Change    0.2000 (0.65%) prices closed higher than they opened.


     MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:      1.47
Swing Vix:     -1.14

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 Sell183 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.The Swing Vix has set a new 14-period high while the security price has not.  This is a bullish divergence. Since the PulseScan leads the market 3-5 days out  We will wait to see if an upside breakout occurs.
    
  *Since the last Swing Vix signal, $0$ FUT $XAG/USD - SILVER Spot/SILVER FUTURES's price has increased 0.65% , and has ranged from a high of  31.47 to a low of  30.67.

     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.,,,

TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -    37.67

The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    32.65


INTRADAY PRICE PROJECTIONS
RESISTANCE    31.74 -  WEEKLY PULSE WAVE GO LONG here    31.50 place stoploss here    29.84

SUPPORT    30.66 - WEEKLY PULSE WAVE GO SHORT here    30.90 - place stoploss here    31.50







MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at -    37.67
Long term Trend Line support is currently at -    26.14
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =     3.07

VOLATILITY
On 4/27/2012, $0$ FUT $XAG/USD - SILVER Spot/SILVER FUTURES closed 
above the lower band by 31.2%.