The Weekly VC Price Momentum Indicator
Gold and Silver Futures Swings Report
Trading Instructions June 2, 2017
Signals are automatically generated by integrating electronic
weekly statistics with proprietary algorithms.
Gold
WEEKLY SUMMARY
TREND MOMENTUM: 1265 Bullish
PRICE MOMENTUM: 1274 Bullish
PRICE INDICATOR:
EXIT LONGS:
2 ) 1295
1) 1288
EXIT SHORTS:
- 1267
- 1253
WEEKLY TREND MOMENTUM
The gold futures contract closed at 1280. The market closing above the 9 day SMA 1265 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 PRICE MOMENTUM
With the market closing at the VC Weekly Price Momentum Indicator of 1280, is confirmation 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 1267 - 1253, and go long on a weekly reversal stop. If long, use the 1274 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 1288 - 1295 during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 17.36 Bullish
PRICE MOMENTUM: 17.36 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 17.95
1) 17.74
EXIT SHORTS:
- 17.15
- 16.77
WEEKLY TREND MOMENTUM
The silver futures contract closed at 17.52. The market closing above the 9 SMA 17.36 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 PRICE MOMENTUM
With the market closing above the VC Weekly Price Momentum Indicator of 17.36, 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 17.15 - 16.77, and go long on a weekly reversal stop. If long, use the 16.77 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 17.74 - 17.95 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. It is for educational purposes only.
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.