Crude Oil Momentum: Bullish

www.investing.com/analysis/c-oil-trend-momentum-:-bullish-200196071

By Patrick MontesDeOca | Jun 19, 2017 12:30PM ET

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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.

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.

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Jun 20, 2017 1:03AM GMT

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

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Central Banks

Interest Rates

Next Meeting

FED

1.25%

Sep 20, 2017

ECB

0.00%

Oct 26, 2017

BOE

0.25%

Oct 12, 2017

SNB

-0.75%

Dec 14, 2017

RBA

1.50%

Oct 03, 2017

BOC

1.00%

Oct 25, 2017

RBNZ

1.75%

Sep 28, 2017

BOJ

-0.10%

Sep 21, 2017

CBR

8.50%

Dec 15, 2017

RBI

6.00%

Oct 04, 2017

PBOC

4.35%

BCB

8.25%

Oct 25, 2017

S&P 500 Futures	2,499.50	-1.50	-0.06%
Nasdaq Futures	5,934.76	-10.49	-0.18%
Dow 30	22,349.59	-9.64	-0.04%
S&P 500 VIX	9.59	-0.08	-0.83%
DAX	12,592.35	-7.68	-0.06%
Nikkei 225	20,296.45	-51.03	-0.25%
US Dollar Index	91.95	-0.02	-0.02%
Euro Index	95.10	+0.07	+0.07%

Gold	1,301.45	+6.65	+0.51%
Silver	17.050	+0.032	+0.19%
Copper	2.954	+0.019	+0.66%
Crude Oil WTI	50.64	+0.09	+0.18%
Brent Oil	56.80	+0.37	+0.66%
Natural Gas	2.946	0.000	0.00%
US Cotton #2	68.53	+0.28	+0.41%
US Coffee C	134.57	-0.70	-0.52%

EUR/USD	1.1957	+0.0015	+0.13%
GBP/USD	1.3510	-0.0072	-0.53%
USD/JPY	111.99	-0.48	-0.43%
USD/CAD	1.2339	+0.0011	+0.09%
AUD/USD	0.7954	+0.0023	+0.29%
USD/CNH	6.5816	+0.0141	+0.21%
ETH/USD	279.29	-6.87	-2.40%
BTC/USD	3,631.3	-148.3	-3.92%

US 10Y Yield	2.253	-0.025	-1.08%
US 30Y Yield	2.785	-0.023	-0.83%
US 2Y Yield	1.435	-0.008	-0.55%
US 5Y Yield	1.865	-0.021	-1.12%
US 10Y T-Note	125.81	+0.21	+0.17%
US 30Y T-Bond	154.36	+0.44	+0.29%
Euro Bund	161.16	+0.14	+0.09%
UK Gilt	124.81	+0.15	+0.12%

Crude Oil Momentum: Bullish

Trading Instructions June 16, 201 7

Signals are automatically generated by integrating electronicweekly statistics with proprietary algorithms.

Related Articles

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