THE VULCAN REPORT Review of /YI SILVER (YI) as of Monday, June 13, 2016

THE VULCAN REPORT
Review of /YI SILVER (YI)
as of Monday, June 13, 2016



Today's Price Action

Change   with weak Bids going into the close.  0.1500 (0.87%) prices closed higher than they opened.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:    -12.42
Swing Vix:    -10.69

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    4 period(s) ago.



The Trend Channel is DOWN!  (i.e. "Negative Swing Vix") This means that negative momentum is entering the market. Expect sideways to lower 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-Sold Buy 26 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, /YI SILVER's price has increased 5.56% , and has ranged from a high of 17.8700 to a low of 15.9700.


     MARKET TREND - Currently the TREND is -The DownTrend is still entact with prices holding below trendline resistance at-  28.8250.

       
TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -  28.8250
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  15.7915
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -  16.3372
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -  16.6651

INTRADAY PRICE PROJECTIONS
RESISTANCE  17.4900
SUPPORT  17.0720    


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -  18.1255
PulseWave BreakOut SUPPORT -  15.9455


VOLATILITY
On 6/13/2016, /YI SILVER closed  
below the upper band by 14.8%.
This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.  


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