Black Friday Sale! Save huge on InvestingProGet up to 60% off

Crude Oil Momentum: Bullish

Published 06/19/2017, 12:30 PM
Updated 11/06/2024, 11:30 AM
ESZ24
-
CL
-
NUGT
-
JNUG
-
USLVF
-

The Weekly VC Price Momentum Indicator

ETFs, Stocks & Futures Swings Report

Trading Instructions June 16, 201 7

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


Crude Oil

WEEKLY SUMMARY
TREND MOMENTUM: 48.01 Bullish
PRICE MOMENTUM: 48.83 Bullish
PRICE INDICATOR
EXIT LONG:
S2) 50.12
S1) 49.53

EXIT SHORTS:
B1) 48.25
B2) 47.56

WEEKLY TREND MOMENTUM
The contract closed at 48.95 The market closing above the 9 SMA 48.01 is confirmation that the 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 48.84 it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR
Cover short on corrections at the 48.25 - 47.56 levels and go long on a weekly reversal stop. If long, use the 47.56 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 49.53 - 50.12 levels during the week.

ES

WEEKLY SUMMARY
TREND MOMENTUM: 2110 Bearish
PRICE MOMENTUM: 2136 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2192
1) 2166

EXIT SHORTS:
1) 2110
2) 2080
WEEKLY TREND MOMENTUM
The contract closed at 2139. The market closing below the 9 SMA 2165 is confirmation that the 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 2136 it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR
Cover short on corrections at the 2110 - 2080 levels and go long on a weekly reversal stop. If long, use the 2080 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2166 - 2192 levels during the week.

FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.49 Bearish
PRICE MOMENTUM: 0.47 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 0.56
S1) 0.50
EXIT SHORTS
B1) 0.41
B2) 0.38
WEEKLY TREND MOMENTUM
The contract closed at 0.44. The market closing below the 9 SMA 0.49 is confirmation that the 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 below The VC Weekly Price Momentum Indicator of 0.47 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR
Cover short on corrections at the 0.41 - 0.38 levels and go long on a weekly reversal stop. If long, use the 0.38 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.50 - 0.56 levels during the week.

MUX

WEEKLY SUMMARY
TREND MOMENTUM: 2.78 Bearish
PRICE MOMENTUM: 2.62 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 2.94
S1) 2.76
EXIT SHORTS
B1) 2.44
B2) 2.30

WEEKLY TREND MOMENTUM
The contract closed at 2.58 The market closing below the 9 SMA 2.78 is confirmation that the 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 below The VC Weekly Price Momentum Indicator of 2.62 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 2.44 - 2.30 levels and go long on a weekly reversal stop. If long, use the 2.30 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2.76 - 2.94 levels during the week.

JNUG

WEEKLY SUMMARY
TREND MOMENTUM: 18.11 Bearish
PRICE MOMENTUM: 18.86 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 23.90
1) 20.96
EXIT SHORTS:

  • 15.92
  • 13.82

WEEKLY TREND MOMENTUM
The contract closed at 18.02 The market closing below the 9 SMA 18.11 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend signal to neutral.

WEEKLY PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 18.86 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR
Cover short on corrections at the 15.92 - 13.82 levels and go long on a weekly reversal stop. If long, use the 13.82 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.96 - 23.90 levels during the week.

NUGT

WEEKLY SUMMARY
TREND MOMENTUM: 33.82 Bearish
PRICE MOMENTUM: 32.21 Bullish
PRICE INDICATOR:
EXIT LONGS
2) 39.02
1) 34.61
EXIT SHORTS
1) 27.80
2) 25.40
WEEKLY TREND MOMENTUM
The contract closed at 30.20 The market closing below the 9 SMA 33.82 is confirmation that the 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 below The VC Weekly Price Momentum Indicator of 32.21, it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR
Cover short on corrections at the 27.80 - 25.40 levels and go long on a weekly reversal stop. If long, use the 25.40 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 34.61 - 39.02 levels during the week.

USLV

WEEKLY SUMMARY
TREND MOMENTUM: 13.14 Bearish
PRICE MOMENTUM: 12.52 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 14.06
1) 13.06
EXIT SHORTS
1) 11.52
2) 10.98

WEEKLY TREND MOMENTUM
The contract closed at 12.05. The market closing below the 9 SMA 13.14 is confirmation that the 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 below The VC Weekly Price Momentum Indicator of 12.52 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 11.52 - 10.98 levels and go long on a weekly reversal stop. If long, use the 10.98 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.06 - 14.06 levels during the week.

TGB

WEEKLY SUMMARY
TREND MOMENTUM: 1.19 Bearish
PRICE MOMENTUM: 1.17 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 1.30
1) 1.22
EXIT SHORTS
1) 1.10
2) 1.06
WEEKLY MOVING AVERAGES
The contract closed at 1.15. The market closing below the 9 SMA 1.19 is confirmation that the 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 1.17, it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 1.10 - 1.06 levels and go long on a weekly reversal stop. If long, use the 1.06 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.22 - 1.30 levels during the week.

XAU

WEEKLY SUMMARY
TREND MOMENTUM: 84.67 Bearish
PRICE MOMENTUM: 84.64 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 89.88
1) 87.12
EXIT SHORTS
1) 81.88
2) 79.40
WEEKLY MOVING AVERAGES
The contract closed at 79.25. The market closing below the 9 SMA 83.59 is confirmation that the 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 81.39, it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 77.11 - 74.97 levels and go long on a weekly reversal stop. If long, use the 74.97 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 83.53 - 87.81 levels during the week.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.