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7/17/2011 - SILVER FUTURES

|Includes:AGQ, iShares Silver Trust ETF (SLV)
Sunday, July 17, 2011
7/17/2011 - SILVER FUTURES
 
THE VULCAN REPORT
Review of $1XAG/USD - SILVER Spot (XAG USD)
as of Friday, July 15, 2011


Today's Price Action


Change    1.0800 (2.83%) prices closed higher than they opened.  with strong Bids going into the close.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     35.70
Swing Vix:     34.97


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   10 period(s) ago. The Swing Vix is above 29.  This is where it usually forms Resistance.  The Swing Vix usually forms Resistance 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 56 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period high while the Swing Vix 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 increased 13.08% , and has ranged from a high of  39.39 to a low of  33.47.


     MOMENTUM


     MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below    37.11 is needed to re-establish the downward trend. However a close above    41.06 will establish a new upward trend.


        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. -    30.91
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -    36.50 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -    36.78 


INTRADAY PRICE PROJECTIONS
RESISTANCE    39.35
SUPPORT    37.82


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    36.95
PulseWave BreakOut SUPPORT -    34.81


VOLATILITY
On 7/15/2011, $1XAG/USD - SILVER Spot closed   above the upper band by 9.2%.

    


Risk Disclosure
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education onlyThe risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser.


This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.


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