x
Breaking News
0

Crude Oil Price Momentum: Bullish

By Patrick MontesDeOcaStock MarketsMay 13, 2017 11:08AM ET
www.investing.com/analysis/c-oil-price-momentum-:-bullish-200188930
Crude Oil Price Momentum: Bullish
By Patrick MontesDeOca   |  May 13, 2017 11:08AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

The Weekly VC Price Momentum IndicatorETFs, Stocks & Futures Swings Report

Trading Instructions May 12,201 7

Signals are automatically generated by integrating electronic
weekly
statistics with proprietary algorithms.


Crude Oil

WEEKLY SUMMARY
TREND MOMENTUM: 50.02 Bearish
PRICE MOMENTUM: 46.43 Bullish
PRICE INDICATOR
EXIT LONG:
S2) 52
S1) 49.10

EXIT SHORTS:
B1) 43.55
B2) 40.87

WEEKLY TREND MOMENTUM
The contract closed at 46.22 The market closing below the 9 SMA 50.02 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

WEEKLY PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 46.43 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 43.55 - 40.87 levels and go long on a weekly reversal stop. If long, use the 40.87 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 49.10 - 51.99 levels during the week.

ES

WEEKLY SUMMARY
TREND MOMENTUM: 2361 Bullish
PRICE MOMENTUM: 2391 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2415
1) 2406

EXIT SHORTS:
1) 2382
2) 2367

WEEKLY TREND MOMENTUM
The contract closed at 2398. The market closing above the 9 SMA 2361 is confirmation that the 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 2391 it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR
Cover short on corrections at the 2382 - 2367 levels and go long on a weekly reversal stop. If long, use the 2367 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2406 - 2415 levels during the week.


FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.62 Bearish
PRICE MOMENTUM: 0.47 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 0.56
S1) 0.50

EXIT SHORTS
B1) 0.41
B2) 0.38

WEEKLY TREND MOMENTUM
The contract closed at 0.44. The market closing below the 9 SMA 0.59 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

WEEKLY PRICE MOMENTUM
With the market closing at The VC Weekly Price Momentum Indicator of 0.47 it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR
Cover short on corrections at the 0.42 - 0.40 levels and go long on a weekly reversal stop. If long, use the 0.40 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.46 - 0.48 levels during the week.


McEwen Mining Inc. (NYSE:MUX)

WEEKLY SUMMARY
TREND MOMENTUM: 3.04 Bearish
PRICE MOMENTUM: 2.68 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 3.23
S1) 2.96

EXIT SHORTS
B1) 2.48
B2) 2.27

WEEKLY TREND MOMENTUM
The contract closed at 2.68 The market closing below the 9 SMA 3.04 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

WEEKLY PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 2.75 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 2.48 - 2.27 levels and go long on a weekly reversal stop. If long, use the 2.27 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2.96 - 3.23 levels during the week.

JNUG (NYSE:JNUG)

WEEKLY SUMMARY
TREND MOMENTUM: 23.69 Bearish
PRICE MOMENTUM: 15.57 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 19.85
1) 17.42
EXIT SHORTS:

  • 13.14
  • 11.29

WEEKLY TREND MOMENTUM
The contract closed at 14.99 The market closing below the 9 SMA 23.69 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend signal to neutral.

WEEKLY PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 15.57 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR
Cover short on corrections at the 13.14 - 11.29 levels and go long on a weekly reversal stop. If long, use the 11.29 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 17.42 - 19.85 levels during the week.


NUGT (NYSE:NUGT)

WEEKLY SUMMARY
TREND MOMENTUM: 36.24 Bearish
PRICE MOMENTUM: 33.08 Bearish
PRICE INDICATOR:
EXIT LONGS
2) 48.94
1) 39.26

EXIT SHORTS
1) 23.40
2) 17.22

WEEKLY TREND MOMENTUM
The contract closed above 29.58 The market closing below the 9 SMA 36.24 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

WEEKLY PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 33.08, 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 23.40 - 17.22 levels and go long on a weekly reversal stop. If long, use the 17.22 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 39.26 - 48.94 levels during the week.


USLV (NASDAQ:USLV)

WEEKLY SUMMARY
TREND MOMENTUM: 14.76 Bearish
PRICE MOMENTUM: 12.16 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 14.45
1) 13.04

EXIT SHORTS
1) 10.75
2) 9.87

WEEKLY TREND MOMENTUM
The contract closed at 11.63. The market closing below the 9 SMA 14.76 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

WEEKLY PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 12.16, 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 10.75 - 9.87 levels and go long on a weekly reversal stop. If long, use the 9.87 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.04 - 14.45 levels during the week.


Taseko Mines Limited (NYSE:TGB)

WEEKLY SUMMARY
TREND MOMENTUM: 1.21 Bearish
PRICE MOMENTUM: 1.09 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 1.26
1) 1.17

EXIT SHORTS
1) 1.01
2) 0.94

WEEKLY MOVING AVERAGES
The contract closed at 1.09. The market closing below the 9 SMA 1.21 is confirmation that the trend momentum is bearish. A close above the 9 SMA 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 1.10, 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 1.01 - 0.94 levels and go long on a weekly reversal stop. If long, use the 0.94 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.17 1.26 levels during the week.


JDST (NYSE:JDST)

WEEKLY SUMMARY
TREND MOMENTUM: 16.29 Bullish
PRICE MOMENTUM: 19.59 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 24.29
1) 22.11

EXIT SHORTS
1) 17.41
2) 14.89

WEEKLY MOVING AVERAGES
The contract closed at 94.82. The market closing above the 9 SMA 67.33 is confirmation that the 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 92.83, it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR
Cover short on corrections at the 82 - 69 levels and go long on a weekly reversal stop. If long, use the 69 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 106 - 117 levels during the week.

Disclaimer: 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. This report is for educational purposes only.

Crude Oil Price Momentum: Bullish
 

Related Articles

Crude Oil Price Momentum: Bullish

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

 
Are you sure you want to delete this chart?
 
Write your thoughts here
 
Replace the attached chart with a new chart ?
Post
Post also to:
1000
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
 
Replace the attached chart with a new chart ?
Post 1000
Please wait a minute before you try to comment again.
 
 
 
Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Add Chart to Comment
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email