The VC PMI is neutral to bearish on crude oil.
Soybeans should come down over the next few weeks, offering a buying opportunity.
Although I usually write about the precious metals markets, we regularly apply the Equity Management Academy’s (EMA) proprietary Variable Changing Price Momentum Indicator (VC PMI) to dozens of financial and commodity markets. The artificial intelligence algorithm was developed by Patrick MontesDeOca, CEO and founder of the EMA. He has more than 30 years of trading experience and developed the VC PMI to take advantage of the relative volatility of a given market. Today I thought I would provide some information on gold and silver, but also several other markets we regularly analyze using the VC PMI to give a sense of its universal applicability to markets.
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