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Crude Oil Momentum: Bullish

Published 06/19/2017, 12:30 PM
Updated 07/09/2023, 06:31 AM

The Weekly VC Price Momentum Indicator

ETFs, Stocks & Futures Swings Report

Trading Instructions June 16, 201 7

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


Crude Oil

WEEKLY SUMMARY
TREND MOMENTUM: 48.01 Bullish
PRICE MOMENTUM: 48.83 Bullish
PRICE INDICATOR
EXIT LONG:
S2) 50.12
S1) 49.53

EXIT SHORTS:
B1) 48.25
B2) 47.56

WEEKLY TREND MOMENTUM
The contract closed at 48.95 The market closing above the 9 SMA 48.01 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 48.84 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 48.25 - 47.56 levels and go long on a weekly reversal stop. If long, use the 47.56 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 49.53 - 50.12 levels during the week.

ES

WEEKLY SUMMARY
TREND MOMENTUM: 2110 Bearish
PRICE MOMENTUM: 2136 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2192
1) 2166

EXIT SHORTS:
1) 2110
2) 2080
WEEKLY TREND MOMENTUM
The contract closed at 2139. The market closing below the 9 SMA 2165 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 2136 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 2110 - 2080 levels and go long on a weekly reversal stop. If long, use the 2080 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2166 - 2192 levels during the week.

FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.49 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 0.49 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 0.47 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 0.41 - 0.38 levels and go long on a weekly reversal stop. If long, use the 0.38 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.50 - 0.56 levels during the week.

MUX

WEEKLY SUMMARY
TREND MOMENTUM: 2.78 Bearish
PRICE MOMENTUM: 2.62 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 2.94
S1) 2.76
EXIT SHORTS
B1) 2.44
B2) 2.30

WEEKLY TREND MOMENTUM
The contract closed at 2.58 The market closing below the 9 SMA 2.78 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 2.62 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 2.44 - 2.30 levels and go long on a weekly reversal stop. If long, use the 2.30 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2.76 - 2.94 levels during the week.

JNUG

WEEKLY SUMMARY
TREND MOMENTUM: 18.11 Bearish
PRICE MOMENTUM: 18.86 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 23.90
1) 20.96
EXIT SHORTS:

  • 15.92
  • 13.82

WEEKLY TREND MOMENTUM
The contract closed at 18.02 The market closing below the 9 SMA 18.11 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 18.86 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 15.92 - 13.82 levels and go long on a weekly reversal stop. If long, use the 13.82 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.96 - 23.90 levels during the week.

NUGT

WEEKLY SUMMARY
TREND MOMENTUM: 33.82 Bearish
PRICE MOMENTUM: 32.21 Bullish
PRICE INDICATOR:
EXIT LONGS
2) 39.02
1) 34.61
EXIT SHORTS
1) 27.80
2) 25.40
WEEKLY TREND MOMENTUM
The contract closed at 30.20 The market closing below the 9 SMA 33.82 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 32.21, 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 27.80 - 25.40 levels and go long on a weekly reversal stop. If long, use the 25.40 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 34.61 - 39.02 levels during the week.

USLV

WEEKLY SUMMARY
TREND MOMENTUM: 13.14 Bearish
PRICE MOMENTUM: 12.52 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 14.06
1) 13.06
EXIT SHORTS
1) 11.52
2) 10.98

WEEKLY TREND MOMENTUM
The contract closed at 12.05. The market closing below the 9 SMA 13.14 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 12.52 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 11.52 - 10.98 levels and go long on a weekly reversal stop. If long, use the 10.98 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.06 - 14.06 levels during the week.

TGB

WEEKLY SUMMARY
TREND MOMENTUM: 1.19 Bearish
PRICE MOMENTUM: 1.17 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 1.30
1) 1.22
EXIT SHORTS
1) 1.10
2) 1.06
WEEKLY MOVING AVERAGES
The contract closed at 1.15. The market closing below the 9 SMA 1.19 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 1.17, 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 1.10 - 1.06 levels and go long on a weekly reversal stop. If long, use the 1.06 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.22 - 1.30 levels during the week.

XAU

WEEKLY SUMMARY
TREND MOMENTUM: 84.67 Bearish
PRICE MOMENTUM: 84.64 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 89.88
1) 87.12
EXIT SHORTS
1) 81.88
2) 79.40
WEEKLY MOVING AVERAGES
The contract closed at 79.25. The market closing below the 9 SMA 83.59 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 MOMENTUM INDICATOR
With the market closing below The VC Weekly Price Momentum Indicator of 81.39, 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 77.11 - 74.97 levels and go long on a weekly reversal stop. If long, use the 74.97 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 83.53 - 87.81 levels during the week.

Latest comments

Bullish?? Are you looking at the oil chart upside down again?
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