The VC Price Momentum Indicator
Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 1238 Bearish
PRICE MOMENTUM: 1242 Bearish
PRICE INDICATOR:
EXIT LONGS:
2 ) 1282
1) 1259
EXIT SHORTS:
- 1219
- 1202
WEEKLY MOVING AVERAGES
The June gold futures contract closed at 1236. The market closing below the 9 SMA 1238 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 1242, it confirms that the price momentum is bearish. A close above the VC Weekly, it 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 1219 – 1202, and go long on a weekly reversal stop. If long, use the 1202 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 1259 – 1282 during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 15.43 Bullish
PRICE MOMENTUM: 16.00 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 17.04
1) 16.64
EXIT SHORTS:
- 15.61
- 14.98
WEEKLY MOVING AVERAGES
The May silver futures contract closed at 16.25. The market closing above the 9 SMA 15.43, 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 above the VC Weekly Price Momentum Indicator of 16.00, 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 15.61 – 14.98, and go long on a weekly reversal stop. If long, use the 14.98 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 16.64 – 17.04 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.