Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
JNUG
WEEKLY MOVING AVERAGES
The contract closed at 8.48. The market closing below the 9 day MA (14.20) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.
WEEKLY MOMENTUM INDICATOR
With the market closing below The VC Weekly Price Momentum Indicator of 8.98 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 7.11 – 5.74 levels and go long on a weekly reversal stop. If long, use the 5.74 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 10.35 – 12.22 levels during the week.
USLV
WEEKLY MOVING AVERAGES
The contract closed at 27.42. The market closing below the 9 day MA (31.80) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.
WEEKLY MOMENTUM INDICATOR
With the market closing below The VC Weekly Price Momentum Indicator of 28.02 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 26.46 – 25.50 levels and go long on a weekly reversal stop. If long, use the 25.50 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 28.98 – 30.54 levels during the week.
SPDR Gold Trust (ARCA:GLD)
WEEKLY MOVING AVERAGES
The contract closed at 118.35. The market closing below the 9 day MA (118.67) is confirmation that the trend momentum is bearish.
WEEKLY MOMENTUM INDICATOR
With the market closing below The VC Weekly Price Momentum Indicator of 118.91 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 117.32 – 116.90 levels and go long on a weekly reversal stop. If long, use the 116.90 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 119.94 – 121.53 levels during the week.
RUT – RUSSELL 2000
WEEKLY MOVING AVERAGES
The contract closed at 1.082. The market closing below the 9 day MA (1.130) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.
WEEKLY MOMENTUM INDICATOR
With the market closing below The VC Weekly Price Momentum Indicator of 1.074 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 1.048 – 1.015 levels and go long on a weekly reversal stop. If long, use the 1.015 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.074 – 1.133 levels during the week.
ProShares Ultra DJ-UBS Crude Oil (ARCA:UCO) – C OIL
WEEKLY MOVING AVERAGES
The contract closed at 24.39. The market closing below the 9 day MA (29.9) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.
WEEKLY MOMENTUM INDICATOR
With the market closing below The VC Weekly Price Momentum Indicator of 24.47 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 23.56 – 22.74 levels and go long on a weekly reversal stop. If long, use the 22.74 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 25.30 – 26.21 levels during the week.
Disclosure: Trading Derivatives, Financial Instruments And Precious Metals Involves Significant Risk Of Loss And Is Not Suitable For Everyone. Past Performance Is Not Necessarily Indicative Of Future Results.