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.
PulseScan Swing Vix
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.
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
WEEKLY PRICE PROJECTIONS
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
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.