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Silver Trend Momentum Bullish

Published 02/18/2017, 11:50 AM
Updated 07/09/2023, 06:31 AM

The VC Price Momentum Indicator

Gold and Silver Weekly Futures Swing Trading Instructions

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


Gold Weekly Summary

TREND MOMENTUM: 1240 Bullish
PRICE MOMENTUM: 1242 Bullish

PRICE INDICATOR:
EXIT LONGS:
2 ) 1260
1) 1253
EXIT SHORTS:

  1. 1236
  2. 1224

WEEKLY TREND MOMENTUM
The gold futures contract closed at 1245. The market closing above the 9 SMA 1240 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 1242, 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 1236 - 1224, and go long on a weekly reversal stop. If long, use the 1224 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 1253 - 1260 during the week.

GCJ Weekly Chart

Silver Weekly Summary

TREND MOMENTUM: 16.96 Bullish
PRICE MOMENTUM: 17.97 Bullish

PRICE INDICATOR:
EXIT LONGS:
2) 18.38
1) 18.20
EXIT SHORTS:

  1. 17.79
  2. 17.55

WEEKLY TREND MOMENTUM
The silver futures contract closed at 18.03. The market closing above the 9 SMA 16.96, 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 17.97, 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 17.79 - 17.55, and go long on a weekly reversal stop. If long, use the 17.55 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 18.20 - 18.38 during the week.


SIH Weekly Chart

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. It is for educational purposes only.

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