The VC Price Momentum Indicator
Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.
Gold
WEEKLY SUMMARY
TREND MOMENTUM: 1093 Bearish
PRICE MOMENTUM: 1063 Bullish
PRICE INDICATOR:
EXIT LONGS:
2 ) 1094
1) 1080
EXIT SHORTS:
- 1049
- 1032
WEEKLY MOVING AVERAGES
The February gold futures contract closed at 1066. The market closing below the 9 SMA 1093, 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 above the VC Weekly Price Momentum Indicator of 1063, 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 1049 – 1032, and go long on a weekly reversal stop. If long, use the 1032 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 1080 – 1094 during the week.
SILVER
WEEKLY SUMMARY
TREND MOMENTUM: 14.59 Bearish
PRICE MOMENTUM: 14 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 14.69
1) 14.38
EXIT SHORTS:
- 13.70
- 13.31
WEEKLY MOVING AVERAGES
The March silver futures contract closed at 14.08. The market closing below the 9 SMA 14.59, 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 above the VC Weekly Price Momentum Indicator of 14.00, 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 13.70 – 13.31, and go long on a weekly reversal stop. If long, use the 13.31 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 14.38 – 14.69 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.