The Weekly VC Price Momentum Indicator
Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
JNUG
WEEKLY MOVING AVERAGES
The contract closed at 27.24. The market closing below the 9 day MA (33.27) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.
WEEKLY MOMENTUM INDICATOR
With the market closing above The VC Weekly Price Momentum Indicator of 25.22, 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 22.94 – 18.64 levels and go long on a weekly reversal stop. If long, use the 18.64 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 29.52 – 31.80 levels during the week.
USLV
WEEKLY MOVING AVERAGES
The contract closed at 19.28. The market closing below the 9 day MA (21.48) is confirmation that the trend momentum is bearish. A close above the 9 MA 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 19.88, 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 17.78 – 16.29 levels and go long on a weekly reversal stop. If long, use the 16.29 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 21.37 – 23.46 levels during the week.
NUGT
WEEKLY MOVING AVERAGES
The contract closed at 12.10. The market closing below the 9 day MA (12.62) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.
WEEKLY MOMENTUM INDICATOR
With the market closing above The VC Weekly Price Momentum Indicator of 11.43, 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 10.74 – 9.38 levels and go long on a weekly reversal stop. If long, use the 9.38 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 12.79 – 13.48 levels during the week.
RUT
WEEKLY MOVING AVERAGES
The contract closed at 1199. The market closing above the 9 day MA (1182) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.
WEEKLY MOMENTUM INDICATOR
With the market closing below The VC Weekly Price Momentum Indicator of 1203 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 1185 – 1171 levels and go long on a weekly reversal stop. If long, use the 1171 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1271 – 1235 levels during the week.
UCO
WEEKLY MOVING AVERAGES
The contract closed at 9.91. The market closing below the 9 day MA (15.85) is confirmation that the trend momentum is bearish. A close above the 9 MA 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 10.20 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 9.43 – 8.94 levels and go long on a weekly reversal stop. If long, use the 8.94 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 10.69 – 11.46 levels during the week.
Disclaimer: Trading Derivatives, Financial Instruments And Precious Metals Involves Significant Risk Of Loss And Is Not Suitable For Everyone. Past Performance Is Not Necessarily Indicative Of Future Results.