THE VULCAN REPORT
Review of $0$ FUT $XAG/USD - SILVER Spot/SILVER FUTURES (XAG USD)
as of Monday, December 03, 2012
PulseScan Swing Vix
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.
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,
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
On 12/3/2012, $0$ FUT $XAG/USD - SILVER Spot/SILVER FUTURES closed
below the upper band by 27.1%.