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7/19/2011 - SILVER FUTURES

|Includes:AGQ, iShares Silver Trust ETF (SLV)
Tuesday, July 19, 2011
7/19/2011 - SILVER FUTURES
 
THE VULCAN REPORT
Review of SILVER FUTURES (US@SI.1)
as of Monday, July 18, 2011


Today's Price Action


Change  150.5000 (3.87%) prices closed higher than they opened.  with strong Bids going into the close.


A rising window occurred  (where the top of the previous shadow is below the bottom of the current shadow).  This usually implies a continuation of a bullish trend.
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:     38.71
Swing Vix:     36.74


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    9 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 58 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.
      
  *Since the last Swing Vix signal, SILVER FUTURES's price has increased 13.95% , and has ranged from a high of 4,073.50 to a low of 3,379.50.


     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 3,642.38 is needed to re-establish the downward trend. However a close above 4,106.00 will establish a new upward trend.


        TREND STRENGTH - ,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 3,357.25
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 3,069.42
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 3,653.96 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 3,733.58 


INTRADAY PRICE PROJECTIONS
RESISTANCE 4,080.77
SUPPORT 3,920.73


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 3,695.00
PulseWave BreakOut SUPPORT - 3,481.00


VOLATILITY
On 7/18/2011, SILVER FUTURES closed   above the upper band by 10.4%.


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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Stocks: SLV, AGQ