Showing posts with label
$XAG/USD - SILVER Spot / Silver Futures.
Show all posts
Showing posts with label
$XAG/USD - SILVER Spot / Silver Futures.
Show all posts
THE VULCAN REPORT
Review of $1XAG/USD - SILVER Spot (XAG USD)
as of Friday, June 17, 2011
Today's Price Action
Change 0.3500 (0.98%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -26.02
Swing Vix: -24.12
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 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 37 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, $1XAG/USD - SILVER Spot's price has decreased 0.80%, and has ranged from a high of 37.66 to a low of 34.40.
MOMENTUM
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 33.57Slightly Bearish - .
TREND STRENGTH - ,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 33.57
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 30.16
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 37.03
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 35.90
INTRADAY PRICE PROJECTIONS
RESISTANCE 35.97
SUPPORT 34.87
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 37.66
PulseWave BreakOut SUPPORT - 34.40
VOLATILITY
On 6/17/2011, $1XAG/USD - SILVER Spot closed
above the lower band by 35.8%.
THE VULCAN REPORT
Review of $XAG/USD - SILVER Spot (XAG USD)
as of Tuesday, February 22, 2011
Today's Price Action
Change -0.8400 (-2.48%) with weak Bids going into the close. prices closed higher than they opened.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
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: 42.07
Swing Vix: 43.32
The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 days
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 19 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, $XAG/USD - SILVER Spot's price has been unchanged, and has ranged from a high of 34.3300 to a low of 32.3900.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - STRONG - Bullish Trend,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 25.4150
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 23.4412
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 28.8479
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 31.4201
INTRADAY PRICE PROJECTIONS
RESISTANCE 33.8935
SUPPORT 32.8265
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 30.5000
PulseWave BreakOut SUPPORT - 29.2600
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 52.1600
Long term Trend Line resistance is currently at - 34.3300
Long term Trend Line support is currently at - 25.4150
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 105.6500
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 87.8200
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 69.9900
VOLATILITY
On 2/22/2011, $XAG/USD - SILVER Spot closed
below the upper band by 7.3%.
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.
Risk Disclosure
