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7/15/2010 - Silver Spot - THE VULCAN REPORT Review of SILVER Spot (XAG USD) as of Wednesday, July 14, 2010

THE VULCAN REPORT
Review of SILVER Spot (XAG USD)
as of Wednesday, July 14, 2010

Today's Price Action

Change    0.0400 (0.22%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:    -17.59
Swing Vix:    -19.59

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    4 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 71 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, SILVER Spot's price has increased 1.78% , and has ranged from a high of 18.4500 to a low of 17.5700.

       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  18.2150 is needed to re-establish the downward trend. However a close above  18.4300 will establish a new upward trend.

        TREND STRENGTH -

The close is currently Above it's Long Term period moving average. -  16.3300
The close is currently Above  it's Intermediate Term period moving average. -  18.1961
The close is currently Above  it's Short Term period moving average. -  18.1305
      

         INTRADAY PRICE PROJECTIONS
        RESISTANCE  18.3667
        SUPPORT  18.1632

       WEEKLY PRICE PROJECTIONS
      RESISTANCE  18.2000
      SUPPORT  17.5300

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =  26.7400
Long term Trend Line resistance is currently at -  19.8000
Long term Trend Line support is currently at -  16.3300


HYPER PARABOLIC CIRCUIT BREAKERS

PLUNGE PROTECTION TEAM CIRCUIT BREAKERS

    
       VOLATILITY

On 7/14/2010, SILVER Spot closed  
above the lower band by 45.4%.

     Pandora's Little Black Box of - (Buy & Sell Signals)

BUY Signals :  

SELL Signals : 



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.