The Weekly VC Price Momentum Indicator
Gold and Silver Futures Swings Report
Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.
TREND MOMENTUM: 1252 Bullish
PRICE MOMENTUM: 1246 Bullish
PRICE INDICATOR:
EXIT LONGS:
- 1274
- 1265
EXIT SHORTS:
- 1237
- 1218
WEEKLY TREND MOMENTUM
The gold futures contract closed at 1255. The market closing above the 9 day SMA 1252 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 PRICE MOMENTUM
With the market closing above the VC Weekly Price Momentum Indicator of 1246, is confirmation that the price momentum is bullish. A close below the VC Weekly, it would trigger weekly stops and negate the bullish signal to neutral.
WEEKLY PRICE INDICATOR
Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 1237 - 1218, and go long on a weekly reversal stop. If long, use the 1218 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 1265 - 1274 during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 16.69 Bearish
PRICE MOMENTUM: 16.30 Bullish
PRICE INDICATOR:
EXIT LONGS:
- 16.87
- 16.67
EXIT SHORTS:
- 16.10
- 15.73
WEEKLY TREND MOMENTUM
The silver futures contract closed at 16.46. The market closing below the 9 SMA 16.69 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 PRICE MOMENTUM
With the market closing above the VC Weekly Price Momentum Indicator of 16.30, it confirms that the price momentum is bullish. A close below the VC Weekly, it would trigger weekly stops and negate the bullish signal to neutral.
WEEKLY PRICE INDICATOR
Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 16.10 - 15.73, and go long on a weekly reversal stop. If long, use the 15.73 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 16.66 - 16.87 during the week.
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. It is for educational purposes only.