The VC Price Momentum Indicator
Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.
GOLD
WEEKLY SUMMARY
TREND MOMENTUM: 1114 Bullish
PRICE MOMENTUM: 1223 Bullish
PRICE INDICATOR:
EXIT LONGS:
2 ) 1322
1) 1280
EXIT SHORTS:
- 1181
- 1124
WEEKLY MOVING AVERAGES
The April gold futures contract closed at 1239. The market closing above the 9 SMA 1114, is confirmation that the weekly trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.
WEEKLY MOMENTUM INDICATOR
With the market closing above the VC Weekly Price Momentum Indicator of 1223, it confirms that the price momentum is bullish. A close below the VC Weekly, it would trigger weekly stops and negate the bullish signal to neutral.
WEEKLY PRICE INDICATOR
Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 1181 and 1184, and go long on a weekly reversal stop. If long, use the 1181 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 1280 – 1322 during the week.
SILVER
WEEKLY SUMMARY
TREND MOMENTUM: 14.36 Bullish
PRICE MOMENTUM: 15.23 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 15.62
1) 15.32
EXIT SHORTS:
- 15.46
- 15.13
WEEKLY MOVING AVERAGES
The March silver futures contract closed at 15.79. The market closing above the 9 SMA 14.36, is confirmation that the weekly trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.
WEEKLY MOMENTUM INDICATOR
With the market closing above the VC Weekly Price Momentum Indicator of 15.23, it confirms that the price momentum is bullish. A close below the VC Weekly, it would trigger weekly stops and negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 15.46 – 15.13, and go long on a weekly reversal stop. If long, use the 15.13 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 15.32 – 15.62 during the week.
The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed herein constitutes a solicitation of the purchase or sale of any futures or options contracts.