Futures Swings: Gold And Silver

www.investing.com/analysis/futures-swings,-gold---silver-report-253456

By Patrick MontesDeOca | May 31, 2015 02:23AM ET

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GOLD

WEEKLY SUMMARY

TREND MOMENTUM: 1193 Bearish

PRICE MOMENTUM: 1193 Bearish

PRICE INDICATOR:

EXIT LONGS:

1) 1207

2) 1222

EXIT SHORTS:

1178

1164

WEEKLY MOVING AVERAGES

The June gold futures contract closed at 1191. The market closing below the 9 SMA 1198 is confirmation that the weekly 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 1193, it confirms that the price momentum is bearish. A close above the VC Weekly would trigger weekly stops and negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR

Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 1178 – 1164, and go long on a weekly reversal stop. If long, use the 1164 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 1207 1222 during the week.

SILVER

WEEKLY SUMMARY

TREND MOMENTUM: 16.58 Bullish

PRICE MOMENTUM: 16.81 Bearish

PRICE INDICATOR:

EXIT LONGS:

1) 17.08

2) 17.45

EXIT SHORTS:

16.44

16.17

WEEKLY MOVING AVERAGES

The July silver futures contract closed at 16.71. The market closing above the 9 SMA 16.58 is confirmation that the weekly 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 below the VC Weekly Price Momentum Indicator of 16.81, it confirms that the price momentum is bearish. A close above the VC Weekly would trigger weekly stops and negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR

Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 16.44 – 16.17, and go long on a weekly reversal stop. If long, use the 16.17 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 17.08 – 17.45 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.

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Central Banks

Interest Rates

Next Meeting

FED

1.25%

Jul 26, 2017

ECB

0.00%

Jul 20, 2017

BOE

0.25%

Jul 13, 2017

SNB

-0.75%

Sep 14, 2017

RBA

1.50%

Jul 04, 2017

BOC

0.50%

Jul 12, 2017

RBNZ

1.75%

Aug 10, 2017

BOJ

-0.10%

Jul 20, 2017

CBR

9.00%

Sep 15, 2017

RBI

6.25%

Aug 02, 2017

PBOC

4.35%

BCB

10.25%

Jul 26, 2017

S&P 500 Futures	2,443.00	+0.75	+0.03%
Nasdaq Futures	5,770.25	+2.87	+0.05%
Dow 30	21,454.61	+143.95	+0.68%
S&P 500 VIX	10.03	-1.03	-9.31%
DAX	12,647.27	-23.75	-0.19%
Nikkei 225	20,130.41	-94.68	-0.47%
US Dollar Index	95.78	-0.40	-0.42%
Euro Index	91.67	0.00	0.00%

Gold	1,250.93	+0.40	+0.03%
Silver	16.788	+0.016	+0.10%
Copper	2.674	-0.001	-0.04%
Crude Oil WTI	44.88	0.00	0.00%
Brent Oil	47.68	+0.01	+0.02%
Natural Gas	3.083	+0.003	+0.10%
US Cotton #2	67.62	-0.09	-0.13%
US Coffee C	125.15	-0.57	-0.45%

EUR/USD	1.1377	-0.0001	-0.01%
GBP/USD	1.2933	+0.0006	+0.05%
USD/JPY	112.34	+0.05	+0.04%
USD/CAD	1.3041	+0.0003	+0.02%
AUD/USD	0.7639	-0.0001	-0.01%
ETH/USD	309.48	+37.60	+13.83%
USD/CNH	6.8009	-0.0028	-0.04%
BTC/USD	2,537.9	+49.9	+2.01%

US 10Y Yield	2.226	+0.028	+1.28%
US 30Y Yield	2.779	+0.035	+1.27%
US 2Y Yield	1.353	-0.016	-1.15%
US 5Y Yield	1.819	-0.006	-0.33%
US 10Y T-Note	126.15	-0.01	-0.01%
US 30Y T-Bond	154.80	-0.06	-0.04%
Euro Bund	163.36	+0.08	+0.05%
UK Gilt	126.40	-0.82	-0.64%