Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
GOLD
WEEKLY MOVING AVERAGES
The contract closed at 129.09. The market closing above the 9 day MA (124.13) 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 VC CODE MOMENTUM INDICATOR
With the market closing below the VC Weekly Price Momentum Indicator of 129.26, it confirms that the price momentum is bearish. A close above the VC Weekly, would negate the bearish signal to neutral.
WEEKLY VC CODE PRICE INDICATOR
Cover short on corrections at the 128.03 to 126.98 and reverse to go long on a weekly reversal stop. If long, use the 126.98 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 130.32 and 131.56 levels during the week.
GDX
WEEKLY MOVING AVERAGES
The contract closed at 26.18. The market closing above the 9 day MA (24.59) 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 VC CODE MOMENTUM INDICATOR
With the market closing below the VC Weekly Price Momentum Indicator of 26.29, it confirms that the price momentum is bearish. A close above the VC Weekly, would negate the bearish signal to neutral.
WEEKLY VC CODE PRICE INDICATOR
Cover short on corrections at the 25.72 to 25.25 and reverse to go long on a weekly reversal stop. If long, use the 25.25 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 26.76 and 27.33 levels during the week.
SLV
WEEKLY MOVING AVERAGES
The contract closed at 20.08. The market closing above the 9 day MA (19.76) 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 VC CODE MOMENTUM INDICATOR
With the market closing below the VC Weekly Price Momentum Indicator of 20.29, it confirms that the price momentum is bearish. A close above the VC Weekly, would negate the bearish signal to neutral.
WEEKLY VC CODE PRICE INDICATOR
Cover short on corrections at the 19.75 to 19.42 and reverse to go long on a weekly reversal stop. If long, use the 19.62 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.62 and 21.16 levels during the week.
AGQ
WEEKLY MOVING AVERAGES
The contract closed at 71.70. The market closing above the 9 day MA (69.77) 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 VC CODE MOMENTUM INDICATOR
With the market closing below the VC Weekly Price Momentum Indicator of 73.21, it confirms that the price momentum is bearish. A close above the VC Weekly Indicator, it would negate the bearish trend to neutral.
WEEKLY VC CODE PRICE INDICATOR
Cover short on corrections at the 69.29 to 66.88 and reverse to go long on a weekly reversal stop. If long, use the 66.88 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 75.62 and 79.55 levels during the week.
SPXU
WEEKLY MOVING AVERAGES
The contract closed at 55.93. The market closing below the 9 day MA (61.48) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bullish short-term trend to neutral.
WEEKLY VC CODE MOMENTUM INDICATOR
With the market closing below the VC Weekly Price Momentum Indicator of 57.16, it confirms that the price momentum is bearish. A close above the VC Weekly, would negate the bearish signal to neutral.
WEEKLY VC CODE PRICE INDICATOR
Cover short on corrections at the 54.09 to 52.25 and reverse to go long on a weekly reversal stop. If long, use the 52.25 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 58.99 and 62.06 levels during the week.
UCO
WEEKLY MOVING AVERAGES
The contract closed at 34.95. The market closing above the 9 day MA (32.28) 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 VC CODE MOMENTUM INDICATOR
With the market closing below the VC Weekly Price Momentum Indicator of 35.03, it confirms that the price momentum is bullish. A close below the VC Weekly, would negate the bullish signal to neutral.
WEEKLY VC CODE PRICE INDICATOR
Cover short on corrections at the 33.34 to 31.74 and reverse to go long on a weekly reversal stop. If long, use the 31.74 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 36.63 and 38.31 levels during the week.
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