VC Monthly Indicator: Gold Trend Momentum Is Bearish

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

Gold

MONTHLY MOVING AVERAGES
The February gold futures contract closed at 1238. The market closing below the 9 MA (1298) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

VC CODE MONTHLY MOMENTUM INDICATOR
With the market closing above The VC Monthly Price Momentum Indicator of 1227 it confirms that the price momentum is bullish. A close below the VC Monthly, would negate the bullish trend to neutral.

VC CODE MONTHLY CODE PRICE INDICATOR
Cover short on corrections at the 1215 to 1.190 levels and go long on a weekly reversal stop. If long, use the 1190 level as a monthly Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1252 to 1.264 levels during the month.

Silver

MONTHLY MOVING AVERAGES
The March Silver futures contract closed at 20.14. The market closing below the 9 day MA (20.94) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

VC CODE MONTHLY MOMENTUM INDICATOR
With the market closing above The VC Monthly Price Momentum Indicator of 20.00, it confirms that the price momentum is bullish. A close below the VC Monthly, would negate the bullish trend to neutral.

VC CODE MONTHLY PRICE INDICATOR
Cover short on corrections at the 19.57 to 18.99 levels and go long on a weekly reversal stop. If long, use the 18.99 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.57 and 21.01 levels during the month.

E-MINI S&P 500

MONTHLY MOVING AVERAGES
The March E- Mini futures contract closed at 1.804. The market closing above the 9 day MA (1.652) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.

VC CODE MONTHLY MOMENTUM INDICATOR
With the market closing below The VC Monthly Price Momentum Indicator of 1.829, it confirms that the price momentum is bearish. A close above the VC Monthly, would negate the bearish trend to neutral.

VC CODE MONTHLY PRICE INDICATOR
Cover short on corrections at the 1.623 to 1.442 levels and go long on a weekly reversal stop. If long, use the 1.442 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.899 to 1.994 levels during the month.

Euro Currency

WEEKLY MOVING AVERAGES
The March futures contract closed at 1.36. The market closing above the 9 day MA (1.3413) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.

VC CODE WEEKLY MOMENTUM INDICATOR
With the market closing below The VC Monthly Price Momentum Indicator of 1.3636, it confirms that the price momentum is bearish. A close above the VC Monthly, would negate the bearish trend to neutral.

VC CODE WEEKLY PRICE INDICATOR
Cover short on corrections at the 1.3544 to 1.3491 levels and go long on a weekly reversal stop. If long, use the 1.3491 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.3689 and 1.3781 levels during the month.

Crude Oil

WEEKLY MOVING AVERAGES
The Feb futures contract closed at 94.23. The market closing below the 9 day MA (96.40) is confirmation that the trend momentum is bearish. A close above the 18 MA would negate the weekly bearish short-term trend to neutral.

VC CODE WEEKLY MOMENTUM INDICATOR
With the market closing below The VC Monthly Price Momentum Indicator of 95.70, it confirms that the price momentum is bearish. A close above the VC Monthly, would negate the bearish trend to neutral.

VC CODE WEEKLY PRICE INDICATOR
Cover short on corrections at the 92.41 and 90.59 levels and go long on a weekly reversal stop. If long, use the 90.59 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 97.52 to 100.81 levels during the month.