THE VULCAN REPORT
Review of /YI SILVER (YI)
as of Monday, June 13, 2016
Today's Price Action
Change with weak Bids going into the close. 0.1500 (0.87%) prices closed higher than they opened.
PulseScan Swing Vix
Swing Vix: -10.69
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 4 period(s) ago.
The Trend Channel is DOWN! (i.e. "Negative Swing Vix") This means that negative momentum is entering the market. Expect sideways to lower prices within the next 3-5 days
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-Sold Buy 26 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, /YI SILVER's price has increased 5.56% , and has ranged from a high of 17.8700 to a low of 15.9700.
MARKET TREND - Currently the TREND is -The DownTrend is still entact with prices holding below trendline resistance at- 28.8250.
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 28.8250
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 15.7915
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 16.3372
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 16.6651
INTRADAY PRICE PROJECTIONS
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 18.1255
PulseWave BreakOut SUPPORT - 15.9455
On 6/13/2016, /YI SILVER closed
below the upper band by 14.8%.
This combined with the steep uptrend suggests that the upward 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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