Crude Oil Trend Momentum Is Bullish

The Weekly VC Price Momentum Indicator
ETF’s, Futures Swing Trading Instructions weekly 1.6.17

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

Crude Oil

WEEKLY SUMMARY
TREND MOMENTUM: 51.73 Bullish
PRICE MOMENTUM: 54.71 Bullish
PRICE INDICATOR
EXIT LONG:
S2) 57.81
S1) 56.34
EXIT SHORTS:
B1) 53.24
B2) 51.61

WEEKLY TREND MOMENTUM
The contract closed at 54.87 The market closing above the 9 SMA 51.73 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 54.71 it confirms that the price momentum is bullish. A close above the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR
Cover short on corrections at the 53.24 - 51.61 levels and go long on a weekly reversal stop. If long, use the 51.61 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the
56.34 - 57.81 levels during the week.

ES

WEEKLY SUMMARY
TREND MOMENTUM: 2222 Bullish
PRICE MOMENTUM: 2263 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2300
1) 2286

EXIT SHORTS:
1) 2249
2) 2226
WEEKLY TREND MOMENTUM
The contract closed at 2272. The market closing above the 9 SMA 2222 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 2263 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 2249 - 2226 levels and go long on a weekly reversal stop. If long, use the 2226 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2286 - 2300 levels during the week.

FFMGF

WEEKLY SUMMARY
TREND MOMENTUM: 0.60 Bullish
PRICE MOMENTUM: 0.64 Bullish
PRICE INDICATOR

EXIT LONGS:
S2) 0.68
S1) 0.65
EXIT SHORTS
B1) 0.60
B2) 0.58

WEEKLY TREND MOMENTUM
The contract closed at 0.65. The market closing above the 9 SMA 0.60 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 0.64 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 0.63 - 60 levels and go long on a weekly reversal stop. If long, use the 0.60 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.67 - 0.68 levels during the week.

McEwen Mining Inc. (NYSE:MUX)

WEEKLY SUMMARY
TREND MOMENTUM: 2.89 Bullish
PRICE MOMENTUM: 3.42 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 4.23
S1) 3.87
EXIT SHORTS
B1) 3.06
B2) 2.61

WEEKLY TREND MOMENTUM
The contract closed at 3.51 The market closing above the 9 SMA 2.89 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 3.42 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 3.06 - 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 3.87 - 4.23 levels during the week.

Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)

WEEKLY SUMMARY
TREND MOMENTUM: 6.19 Bullish
PRICE MOMENTUM: 7.41 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 10.71
1) 9.14
EXIT SHORTS:

• 
  5.84

• 
  4.11

WEEKLY TREND MOMENTUM
The contract closed at 7.57 The market closing above the 9 SMA 6.19 is confirmation that the trend momentum is bullish. A close bel0w the 9 SMA would negate the weekly bullish short-term trend signal to neutral.

WEEKLY PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 7.41 it confirms that the price momentum is bearish. A close below the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR
Cover short on corrections at the 5.84 - 4.11 levels and go long on a weekly reversal stop. If long, use the 4.11 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 9.14 - 10.71 levels during the week.

Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT)

WEEKLY SUMMARY
TREND MOMENTUM: 7.74 Bullish
PRICE MOMENTUM: 9.17 Bullish
PRICE INDICATOR
EXIT LONGS
2) 11.92
1) 10.59
EXIT SHORTS
1) 7.84
2) 6.42
WEEKLY TREND MOMENTUM
The contract closed above 9.26 The market closing bel0w the 9 SMA 7.74 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 9.17, it confirms that the price momentum is bullish. A close above the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR
Cover short on corrections at the 7.84 - 6.42 levels and go long on a weekly reversal stop. If long, use the 6.42 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 10.59 - 11.92 levels during the week.

VelocityShares 3x Long Silver linked to S&P GSCI Silver ER Exp 14 Oct 2031 (NASDAQ:USLV)

WEEKLY SUMMARY
TREND MOMENTUM: 12.91 Bearish
PRICE MOMENTUM: 12.46 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 13.99
1) 13.31
EXIT SHORTS
1) 11.78
2) 10.93

WEEKLY TREND MOMENTUM
The contract closed at 12.63. The market closing below the 9 SMA 12.91 is confirmation that the trend momentum is bearish. A close above 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 12.46, 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 11.78 - 10.93 levels and go long on a weekly reversal stop. If long, use the 10.93 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.13 - 13.99 levels during the week.

Yamana Gold Inc (NYSE:AUY)

WEEKLY SUMMARY
TREND MOMENTUM: 2.88 Bullish
PRICE MOMENTUM: 3.06 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 3.49
1) 3.30

EXIT SHORTS
1) 2.86
2) 2.63

WEEKLY MOVING AVERAGES
The contract closed at 3.10. The market closing above the 9 SMA 2.88 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 3.06, 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 2.86 - 2.63 levels and go long on a weekly reversal stop. If long, use the 2.63 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.30 - 3.49 levels during the week.

ProShares Ultra Silver (NYSE:AGQ)

WEEKLY SUMMARY
TREND MOMENTUM: 35.64 Bearish
PRICE MOMENTUM: 32.40 Bearish
PRICE INDICATOR:

EXIT LONGS:
1) 34.20

1) 33.14

EXIT SHORTS

1) 31.34
2) 30.60

WEEKLY MOVING AVERAGES
The contract closed at 35.34. The market closing below the 9 SMA 34.59 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 34.07, 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 32.87 - 31.30 levels and go long on a weekly reversal stop. If long, use the 31.30 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 35.67 - 36.90 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.