The VC Price Momentum Indicator
Gold and Silver Weekly Futures Swing Trading Instructions
August 19, 2016
Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.
Gold WEEKLY SUMMARY
TREND MOMENTUM: 1346 Bearish
PRICE MOMENTUM: 1350 Bearish
PRICE INDICATOR
EXIT LONGS:
2 ) 1376
1) 1359
EXIT SHORTS:
- 1331
- 1319
WEEKLY MOVING AVERAGES
The gold futures contract closed at 1346.20. The market closing above the 9 SMA 1346 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 below the VC Weekly Price Momentum Indicator of 1350, 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 1336 - 1327, and go long on a weekly reversal stop. If long, use the 1327 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 1360 - 1374 during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 19.69 Bearish
PRICE MOMENTUM: 19.55 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 20.45
1) 19.88
EXIT SHORTS:
- 18.99
- 18.65
WEEKLY MOVING AVERAGES
The silver futures contract closed at 19.32. The market closing below the 9 SMA 19.69, is confirmation that the weekly trend momentum is bearish. A close below 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 19.55 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 18.99 - 18.65, and go long on a weekly reversal stop. If long, use the 18.65 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 19.88 - 20.45 during the week.
Disclaimer: 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.