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Tuesday, December 4, 2012

THE VULCAN REPORT - 12/4/2012 Review of $XAG/USD - SILVER

THE VULCAN REPORT
Review of $0$ FUT $XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Monday, December 03, 2012


     MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:      6.68
Swing Vix:     10.36

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    3 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.

     MOMENTUM

     MARKET TREND - Currently the TREND is .

        TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,,BULLISH MOMENTUM,

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    31.83

The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    31.71


INTRADAY PRICE PROJECTIONS
RESISTANCE    34.53 - 

SUPPORT    33.43 - WEEKLY PULSE WAVE GO SHORT here    33.43 - place stoploss here    34.53


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =    49.08
Long term Trend Line resistance/support is currently at -    31.83



VOLATILITY
On 12/3/2012, $0$ FUT $XAG/USD - SILVER Spot/SILVER FUTURES closed 
below the upper band by 27.1%.