Video Bar

Loading...

Tuesday, August 9, 2011

8/10/2011 - SILVER


THE VULCAN REPORT
Review of $0$ XAG/USD - SILVER Spot (XAG USD)
as of Tuesday, August 09, 2011


Today's Price Action


Change   -1.3300 (-3.41%) prices closed lower than they opened. with weak Bids going into the close. 


An engulfing bearish line occurred (where a black candle's real body completely contains the previous white candle's real body).  The engulfing bearish pattern is bearish during an uptrend.  It then signifies that the momentum may be shifting from the bulls to the bears.  


If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with $0$ XAG/USD - SILVER Spot), it may be a last engulfing bottom which indicates a bullish reversal.  The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:    -17.30
Swing Vix:    -11.52


The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    9 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 15 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.
      
  *Since the last Swing Vix signal, $0$ XAG/USD - SILVER Spot's price has decreased 6.29%, and has ranged from a high of  42.29 to a low of  37.02.


     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    35.57 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. -    33.78
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    32.03


INTRADAY PRICE PROJECTIONS
RESISTANCE    39.78  
SUPPORT    36.89  


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    43.71  
PulseWave BreakOut SUPPORT -    38.43  


VOLATILITY
On 8/9/2011, $0$ XAG/USD - SILVER Spot closed   
above the lower band by 4.3%.

No comments:

Post a Comment