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

1.75%

May 02, 2018

ECB

0.00%

Apr 26, 2018

BOE

0.50%

May 10, 2018

SNB

-0.75%

Jun 21, 2018

RBA

1.50%

May 01, 2018

BOC

1.25%

May 30, 2018

RBNZ

1.75%

May 10, 2018

BOJ

-0.10%

Apr 27, 2018

CBR

7.25%

Apr 27, 2018

RBI

6.00%

Jun 07, 2018

PBOC

4.35%

BCB

6.50%

May 16, 2018

S&P 500 Futures	2,637.75	+2.00	+0.08%
Nasdaq Futures	6,528.25	+1.75	+0.03%
Dow 30	24,024.13	-424.56	-1.74%
SmallCap 2000	1,554.01	-8.50	-0.54%
S&P 500 VIX	18.02	+1.68	+10.28%
DAX	12,550.82	-21.57	-0.17%
US Dollar Index	90.56	-0.13	-0.14%
Bitcoin Futures	9,575.0	+125.0	+1.32%

Gold	1,332.70	+0.70	+0.05%
Silver	16.695	-0.005	-0.03%
Copper	3.135	+0.001	+0.03%
Crude Oil WTI	67.82	+0.10	+0.15%
Brent Oil	73.89	+0.03	+0.04%
Natural Gas	2.812	0.000	0.00%
US Cotton #2	81.94	-2.18	-2.59%
US Coffee C	120.42	+1.84	+1.55%

EUR/USD	1.2233	0.0000	0.00%
GBP/USD	1.3981	+0.0004	+0.03%
USD/JPY	108.83	+0.01	+0.01%
USD/CAD	1.2826	-0.0007	-0.05%
GBP/JPY	152.16	+0.06	+0.04%
AUD/USD	0.7601	-0.0002	-0.03%
EUR/GBP	0.8750	-0.0001	-0.01%
EUR/JPY	133.14	+0.02	+0.01%

BTC/USD	9,503.6	+561.8	+6.28%
ETH/USD	705.21	+61.22	+9.51%
BCH/USD	1,434.20	+20.20	+1.43%
IOT/USD	2.16280	+0.02280	+1.07%
LTC/USD	165.32	+13.72	+9.05%
XRP/USD	0.94510	+0.07504	+8.63%
BTC/EUR	7,812.4	+494.4	+6.76%
DASH/USD	533.40	+31.27	+6.23%

Futures Swings: Gold And Silver

GOLD

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