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Crude Oil Trend Momentum: Bullish

By Patrick MontesDeOcaStock MarketsMar 19, 2017 02:40PM ET
www.investing.com/analysis/c-oil-trend-momentum-:-bullish-200179409
Crude Oil Trend Momentum: Bullish
By Patrick MontesDeOca   |  Mar 19, 2017 02:40PM ET
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The Weekly VC Price Momentum Indicator

ETFs, Stocks & Futures Swings Report

Trading Instructions March 17,2017

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


C Oil

WEEKLY SUMMARY
TREND MOMENTUM: 52.76 Bearish
PRICE MOMENTUM: 48.50 Bullish
PRICE INDICATOR
EXIT LONG:
S2) 51.03
S1) 49.90
EXIT SHORTS:
B1) 47.37
B2) 45.97

WEEKLY TREND MOMENTUM
The contract closed at 48.78 The market closing below the 9 SMA 52.76 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 above The VC Weekly Price Momentum Indicator of 48.50 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 47.37 - 45.97 levels and go long on a weekly reversal stop. If long, use the 45.97 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 49.90 - 51.03 levels during the week.


ES

WEEKLY SUMMARY
TREND MOMENTUM: 2334 Bullish
PRICE MOMENTUM: 2379 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2413
1) 2399

EXIT SHORTS:
1) 2365
2) 2345
WEEKLY TREND MOMENTUM
The contract closed at 2386. The market closing above the 9 SMA 2334 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 2379 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 2365 - 2345 levels and go long on a weekly reversal stop. If long, use the 2345 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2399 - 2413 levels during the week.


FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.69 Bullish
PRICE MOMENTUM: 0.69 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 0.80
S1) 0.75
EXIT SHORTS
B1) 0.64
B2) 0.58
WEEKLY TREND MOMENTUM
The contract closed at 0.71. The market closing above the 9 SMA 0.70 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 0.70 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 0.65 - 0.59 levels and go long on a weekly reversal stop. If long, use the 0.59 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.76 - 0.81 levels during the week.


McEwen Mining Inc. (NYSE:MUX)

WEEKLY SUMMARY
TREND MOMENTUM: 3.70 Bearish
PRICE MOMENTUM: 3.18 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 3.75
S1) 3.42
EXIT SHORTS
B1) 2.85
B2) 2.61

WEEKLY TREND MOMENTUM
The contract closed at 3.08 The market closing below the 9 SMA 3.70 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 3.18 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 2.85 - 2.61 levels and go long on a weekly reversal stop. If long, use the 2.61 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.42 - 3.75 levels during the week.


JNUG (NYSE:JNUG)

WEEKLY SUMMARY
TREND MOMENTUM: 8.94 Bearish
PRICE MOMENTUM: 6.81 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 9.29
1) 8.00
EXIT SHORTS:

  • 5.52
  • 4.33

WEEKLY TREND MOMENTUM
The contract closed at 6.72 The market closing below the 9 SMA 8.94 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 6.81 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 5.52 - 4.33 levels and go long on a weekly reversal stop. If long, use the 4.33 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 8 - 9.29 levels during the week.

NUGT (NYSE:NUGT)

WEEKLY SUMMARY
TREND MOMENTUM: 10.55 Bearish
PRICE MOMENTUM: 8.07 Bearish
PRICE INDICATOR:
EXIT LONGS
2) 8.24
1) 8.12
EXIT SHORTS
1) 7.95
2) 7.90

WEEKLY TREND MOMENTUM
The contract closed above 8.92 The market closing below the 9 SMA 10.47 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 above The VC Weekly Price Momentum Indicator of 8.75, 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 7.64 - 6.36 levels and go long on a weekly reversal stop. If long, use the 6.36 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 10.03 - 1.14 levels during the week.

USLV (NASDAQ:USLV)

WEEKLY SUMMARY
TREND MOMENTUM: 15.04 Bearish
PRICE MOMENTUM: 13.90 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 15.48
1) 14.86
EXIT SHORTS
1) 13.29
2) 12.32

WEEKLY TREND MOMENTUM
The contract closed at 14.25. The market closing below the 9 SMA 15.04 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 above The VC Weekly Price Momentum Indicator of 13.90, 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 13.29 - 12.32 levels and go long on a weekly reversal stop. If long, use the 12.32 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.28 - 12.32 levels during the week.

Taseko Mines Limited (NYSE:TGB)

WEEKLY SUMMARY
TREND MOMENTUM: 1.37 Bullish
PRICE MOMENTUM: 1.34 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 1.56
1) 1.46
EXIT SHORTS
1) 1.24
2) 1.12

WEEKLY MOVING AVERAGES
The contract closed at 1.37. The market closing at the 9 SMA 1.37 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 bullish The VC Weekly Price Momentum Indicator of 1.34, 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 1.24 - 1.12 levels and go long on a weekly reversal stop. If long, use the 1.12 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.46 - 1.56 levels during the week.

ProShares Ultra Silver (NYSE:AGQ)

WEEKLY SUMMARY
TREND MOMENTUM: 38.83 Bearish
PRICE MOMENTUM: 37.04 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 39.87
1) 38.75
EXIT SHORTS
1) 35.92
2) 34.21

WEEKLY MOVING AVERAGES
The contract closed at 37.64. The market closing below the 9 SMA 38.83 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 above The VC Weekly Price Momentum Indicator of 37.04, it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR
Cover short on corrections at the 35.92 - 34.21 levels and go long on a weekly reversal stop. If long, use the 34.21 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 38.75 - 39.87 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 Trend Momentum: Bullish
 

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