THE VULCAN REPORT
Review of $0$ XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Wednesday, September 28, 2011
Today's Price Action
Change -1.9500 (-6.11%) prices closed lower than they opened. with weak Bids going into the close.
An engulfing bearish line occurred (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend. It then signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with $0$ XAG/USD - SILVER Spot/SILVER FUTURES), it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -27.93
Swing Vix: -28.90
The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 2 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-Sold Buy 2 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period low while the Swing Vix 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, $0$ XAG/USD - SILVER Spot/SILVER FUTURES's price has decreased 2.66%, and has ranged from a high of 33.58 to a low of 26.15.
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. - 35.42
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 33.78
INTRADAY PRICE PROJECTIONS
RESISTANCE 34.17 -
SUPPORT 27.37 - -
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 44.75-
PulseWave BreakOut SUPPORT - 37.04-
MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 35.42
Long term Trend Line support is currently at - 21.03
BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = -7.76
VOLATILITY
On 9/28/2011, $0$ XAG/USD - SILVER Spot/SILVER FUTURES closed below the lower band by 2.3%.
PulseWave Trading "Trigger Trade System" Daily Stock,Forex & Futures Analysis and Commentary.
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
Thursday, September 29, 2011
Friday, September 23, 2011
9/23/2011 - XAG/USD - SILVER Spot/SILVER FUTURES
THE VULCAN REPORT
Review of $0$ XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Thursday, September 22, 2011
Today's Price Action
Change -3.7700 (-9.50%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -35.10
Swing Vix: -32.90
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 9 period(s) ago. The Swing Vix is below -29. This is where it usually forms Support. The Swing Vix usually forms Support before the underlying security.
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 46 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s). This is bearish.
*Since the last Swing Vix signal, $0$ XAG/USD - SILVER Spot/SILVER FUTURES's price has decreased 13.85%, and has ranged from a high of 42.78 to a low of 35.52.
MOMENTUM
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 35.16.
TREND STRENGTH - ,,,BEARISH MOMENTUM
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 35.16
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 33.85
INTRADAY PRICE PROJECTIONS
RESISTANCE 40.07 -
SUPPORT 35.30 - GO SHORT here 32.76 - place stoploss here 41.42
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 44.75-
PulseWave BreakOut SUPPORT - 37.04-
MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 35.16
Long term Trend Line support is currently at - 20.50
BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = -8.82
VOLATILITY
On 9/22/2011, $0$ XAG/USD - SILVER Spot/SILVER FUTURES closed below the lower band by 33.0%.
Review of $0$ XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Thursday, September 22, 2011
Today's Price Action
Change -3.7700 (-9.50%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -35.10
Swing Vix: -32.90
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 9 period(s) ago. The Swing Vix is below -29. This is where it usually forms Support. The Swing Vix usually forms Support before the underlying security.
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 46 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s). This is bearish.
*Since the last Swing Vix signal, $0$ XAG/USD - SILVER Spot/SILVER FUTURES's price has decreased 13.85%, and has ranged from a high of 42.78 to a low of 35.52.
MOMENTUM
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 35.16.
TREND STRENGTH - ,,,BEARISH MOMENTUM
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 35.16
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 33.85
INTRADAY PRICE PROJECTIONS
RESISTANCE 40.07 -
SUPPORT 35.30 - GO SHORT here 32.76 - place stoploss here 41.42
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 44.75-
PulseWave BreakOut SUPPORT - 37.04-
MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 35.16
Long term Trend Line support is currently at - 20.50
BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = -8.82
VOLATILITY
On 9/22/2011, $0$ XAG/USD - SILVER Spot/SILVER FUTURES closed below the lower band by 33.0%.
Thursday, September 22, 2011
9/22/2011 - XAG/USD - SILVER Spot/SILVER FUTURES
THE VULCAN REPORT
Review of $0$ XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Wednesday, September 21, 2011
Today's Price Action
Change -0.1300 (-0.33%) prices closed lower than they opened. with weak Bids going into the close.
An engulfing bearish line occurred (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend. It then signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with $0$ XAG/USD - SILVER Spot/SILVER FUTURES), it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.
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).
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -31.58
Swing Vix: -28.50
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 8 period(s) ago. The Swing Vix is below -29. This is where it usually forms Support. The Swing Vix usually forms Support before the underlying security.
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 45 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s). This is bearish.
*Since the last Swing Vix signal, $0$ XAG/USD - SILVER Spot/SILVER FUTURES's price has decreased 4.80%, and has ranged from a high of 42.78 to a low of 39.03.
MOMENTUM
MARKET TREND - Currently the TREND is Slightly Bullish - .
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. - 35.16
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 33.76
INTRADAY PRICE PROJECTIONS
RESISTANCE 40.85 -
SUPPORT 39.37 - GO SHORT here 38.62 - place stoploss here 41.30
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 44.75- GO LONG here 44.75 place stoploss here 38.62
PulseWave BreakOut SUPPORT - 37.04-
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 79.14
Long term Trend Line resistance is currently at - 49.82
Long term Trend Line support is currently at - 35.16
VOLATILITY
On 9/21/2011, $0$ XAG/USD - SILVER Spot/SILVER FUTURES closed
above the lower band by 15.0%.
Review of $0$ XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Wednesday, September 21, 2011
Today's Price Action
Change -0.1300 (-0.33%) prices closed lower than they opened. with weak Bids going into the close.
An engulfing bearish line occurred (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend. It then signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with $0$ XAG/USD - SILVER Spot/SILVER FUTURES), it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.
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).
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -31.58
Swing Vix: -28.50
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 8 period(s) ago. The Swing Vix is below -29. This is where it usually forms Support. The Swing Vix usually forms Support before the underlying security.
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 45 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s). This is bearish.
*Since the last Swing Vix signal, $0$ XAG/USD - SILVER Spot/SILVER FUTURES's price has decreased 4.80%, and has ranged from a high of 42.78 to a low of 39.03.
MOMENTUM
MARKET TREND - Currently the TREND is Slightly Bullish - .
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. - 35.16
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 33.76
INTRADAY PRICE PROJECTIONS
RESISTANCE 40.85 -
SUPPORT 39.37 - GO SHORT here 38.62 - place stoploss here 41.30
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 44.75- GO LONG here 44.75 place stoploss here 38.62
PulseWave BreakOut SUPPORT - 37.04-
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 79.14
Long term Trend Line resistance is currently at - 49.82
Long term Trend Line support is currently at - 35.16
VOLATILITY
On 9/21/2011, $0$ XAG/USD - SILVER Spot/SILVER FUTURES closed
above the lower band by 15.0%.
Wednesday, September 14, 2011
9/15/2011 - XAG/USD - SILVER Spot/SILVER FUTURES
THE VULCAN REPORT
Review of $0$ XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Wednesday, September 14, 2011
Today's Price Action
Change -0.3700 (-0.90%) prices closed lower than they opened. with weak Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -1.40
Swing Vix: -0.32
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 3 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 40 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, $0$ XAG/USD - SILVER Spot/SILVER FUTURES's price has decreased 2.04%, and has ranged from a high of 42.78 to a low of 39.75.
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. - 34.83
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 33.58
INTRADAY PRICE PROJECTIONS
RESISTANCE 41.47 -
SUPPORT 40.26 - GO SHORT here 39.75 - place stoploss here 41.95
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 44.75- GO LONG here 44.75 place stoploss here 39.75
PulseWave BreakOut SUPPORT - 37.04-
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 79.79
Long term Trend Line resistance is currently at - 49.82
Long term Trend Line support is currently at - 34.83
VOLATILITY
On 9/14/2011, $0$ XAG/USD - SILVER Spot/SILVER FUTURES closed
above the lower band by 31.3%.
Review of $0$ XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Wednesday, September 14, 2011
Today's Price Action
Change -0.3700 (-0.90%) prices closed lower than they opened. with weak Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -1.40
Swing Vix: -0.32
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 3 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 40 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, $0$ XAG/USD - SILVER Spot/SILVER FUTURES's price has decreased 2.04%, and has ranged from a high of 42.78 to a low of 39.75.
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. - 34.83
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 33.58
INTRADAY PRICE PROJECTIONS
RESISTANCE 41.47 -
SUPPORT 40.26 - GO SHORT here 39.75 - place stoploss here 41.95
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 44.75- GO LONG here 44.75 place stoploss here 39.75
PulseWave BreakOut SUPPORT - 37.04-
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 79.79
Long term Trend Line resistance is currently at - 49.82
Long term Trend Line support is currently at - 34.83
VOLATILITY
On 9/14/2011, $0$ XAG/USD - SILVER Spot/SILVER FUTURES closed
above the lower band by 31.3%.
9/14/2011 - XAG/USD - SILVER Spot/SILVER FUTURES
THE VULCAN REPORT
Review of $0$ XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Tuesday, September 13, 2011
Today's Price Action
Change 0.8200 (2.03%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 0.11
Swing Vix: 1.84
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 2 period(s) ago. RALLY ALERT - (Short-term Market Bottom) Possible Breakout is likely due to strong market pulse projectionsThe 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 39 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, $0$ XAG/USD - SILVER Spot/SILVER FUTURES's price has decreased 1.15%, and has ranged from a high of 42.78 to a low of 39.75.
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. - 34.79
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 33.52
INTRADAY PRICE PROJECTIONS
RESISTANCE 41.44 -
SUPPORT 40.03 - GO SHORT here 39.60 - place stoploss here 42.18
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 44.75- GO LONG here 44.75 place stoploss here 39.60
PulseWave BreakOut SUPPORT - 37.04-
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 79.88
Long term Trend Line resistance is currently at - 49.82
Long term Trend Line support is currently at - 34.79
VOLATILITY
On 9/13/2011, $0$ XAG/USD - SILVER Spot/SILVER FUTURES closed
above the lower band by 41.8%.
Review of $0$ XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Tuesday, September 13, 2011
Today's Price Action
Change 0.8200 (2.03%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 0.11
Swing Vix: 1.84
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 2 period(s) ago. RALLY ALERT - (Short-term Market Bottom) Possible Breakout is likely due to strong market pulse projectionsThe 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 39 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, $0$ XAG/USD - SILVER Spot/SILVER FUTURES's price has decreased 1.15%, and has ranged from a high of 42.78 to a low of 39.75.
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. - 34.79
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 33.52
INTRADAY PRICE PROJECTIONS
RESISTANCE 41.44 -
SUPPORT 40.03 - GO SHORT here 39.60 - place stoploss here 42.18
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 44.75- GO LONG here 44.75 place stoploss here 39.60
PulseWave BreakOut SUPPORT - 37.04-
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 79.88
Long term Trend Line resistance is currently at - 49.82
Long term Trend Line support is currently at - 34.79
VOLATILITY
On 9/13/2011, $0$ XAG/USD - SILVER Spot/SILVER FUTURES closed
above the lower band by 41.8%.
Friday, September 9, 2011
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%.
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%.
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