The Weekly VC Price Momentum Indicator
Gold and Silver Futures Swings Report
Trading Instructions July 28, 2017
Signals are automatically generated by integrating electronic
weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 1258 Bullish
PRICE MOMENTUM: 1267 Bullish
PRICE INDICATOR:
EXIT LONGS:
2 ) 1295
1) 1285
EXIT SHORTS:
- 1257
- 1239
WEEKLY TREND MOMENTUM
The gold futures contract closed at 1275. The market closing above the 9 day SMA 1258 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 1267, 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 1257 - 1239, and go long on a weekly reversal stop. If long, use the 1239 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 1285 - 1295 during the week.
SILVER
WEEKLY SUMMARY
TREND MOMENTUM: 16.61 Bullish
PRICE MOMENTUM: 16.58
PRICE INDICATOR:
EXIT LONGS:
2) 17.16
1) 16.92
EXIT SHORTS:
- 16.34
- 16
WEEKLY TREND MOMENTUM
The silver futures contract closed at 16.69. The market closing below the 9 SMA 16.61 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 16.57, 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 16.34 - 16, and go long on a weekly reversal stop. If long, use the 16 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 16.92 - 17.16 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.