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Tuesday, July 26, 2011

7/26/2011 - SILVER FUTURES

as of Tuesday, July 26, 2011

Today's Price Action

Change  -13.0000 (-0.32%) prices closed lower than they opened. with weak Bids going into the close. 

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.

PulseScan Swing Vix

PulseScan:     34.25
Swing Vix:     34.72

The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    4 period(s) ago.   
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  3 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 FUTURES's price has increased 1.95% , and has ranged from a high of 4,110.50 to a low of 3,821.50.


     MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 3,601.63 is needed to re-establish the downward trend. However a close above 4,106.00 will establish a new upward trend.

        TREND STRENGTH - ,

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. - 3,111.21
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 3,714.96 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 3,919.70 

SUPPORT 4,014.90

PulseWave BreakOut RESISTANCE - 4,088.00
PulseWave BreakOut SUPPORT - 3,821.50

On 7/26/2011, SILVER FUTURES closed   
below the upper band by 18.9%.

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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