THE VULCAN REPORT
Review of $0$ FUT $XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Monday, November 12, 2012
PulseScan Swing Vix
Swing Vix: 12.89
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 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.
MARKET TREND - Currently the TREND is - Neutral within the Bullish KUMO Consolidation cloud (Possible Trend Reversal) with Downside Bearish Breakout risk. A close above 33.63 is needed to re-establish the upward trend. However A close below 31.00 will establish a new downward trend.
TREND STRENGTH - ,,BULLISH MOMENTUM,
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 31.83
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 31.53
INTRADAY PRICE PROJECTIONS
RESISTANCE 32.86 - WEEKLY PULSE WAVE GO LONG here 32.86 place stoploss here 31.59
SUPPORT 31.59 - -
On 11/12/2012, $0$ FUT $XAG/USD - SILVER Spot/SILVER FUTURES closed
below the upper band by 33.5%.
This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The 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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