Crude Oil Price Momentum: Bullish
Patrick MontesDeOca | May 01, 2017 12:46PM ET
The Weekly VC Price Momentum Indicator
ETF’s, Futures Swing Trading Instructions weekly 4.28 .17
Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
Crude Oil
WEEKLY SUMMARY
TREND MOMENTUM: 50.90 Bearish
PRICE MOMENTUM: 49.25 Bullish
PRICE INDICATOR
EXIT LONG:
S2) 51.27
S1) 50.30
EXIT SHORTS:
B1) 48.28
B2) 47.23
WEEKLY TREND MOMENTUM
The contract closed at 49.33 The market closing below the 9 SMA 50.90 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.
WEEKLY PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 49.25 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 48.28 - 47.23 levels and go long on a weekly reversal stop. If long, use the 47.23 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 50.30 - 51.27 levels during the week.
ES
WEEKLY SUMMARY
TREND MOMENTUM: 2357 Bearish
PRICE MOMENTUM: 2342 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2377
1) 2362
EXIT SHORTS:
1) 2327
2) 2307
WEEKLY TREND MOMENTUM
The contract closed at 2381. The market closing at the 9 SMA 2359 is confirmation that the trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.
WEEKLY PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 2381 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 2367 - 2352 levels and go long on a weekly reversal stop. If long, use the 2352 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2395 - 2409 levels during the week.
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FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.62 Bearish
PRICE MOMENTUM: 0.47 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 0.56
S1) 0.50
EXIT SHORTS
B1) 0.41
B2) 0.38
WEEKLY TREND MOMENTUM
The contract closed at 0.45. The market closing below the 9 SMA 0.62 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.
WEEKLY PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 0.47 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 0.41 - 0.38 levels and go long on a weekly reversal stop. If long, use the 0.38 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.50 - 0.56 levels during the week.
McEwen Mining Inc. (NYSE:MUX)
WEEKLY SUMMARY
TREND MOMENTUM: 3.19 Bearish
PRICE MOMENTUM: 3.04 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 7.41
S1) 6.51
EXIT SHORTS
B1) 5.14
B2) 4.67
WEEKLY TREND MOMENTUM
The contract closed at 3.04 The market closing below the 9 SMA 3.11 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.
WEEKLY PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 2.95 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 2.84 - 2.63 levels and go long on a weekly reversal stop. If long, use the 2.63 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.15 - 3.27 levels during the week.
JNUG (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 6.25 Bearish
PRICE MOMENTUM: 4.67 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 5.97
1) 5.23
EXIT SHORTS:
- 3.95
- 3.41
WEEKLY TREND MOMENTUM
The contract closed at 4.50 The market closing below the 9 SMA 6.25 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend signal to neutral.
WEEKLY PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 4.69 it confirms that the price momentum is bullish. A close above the VC Weekly, it would negate the bullish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 3.95 - 3.41 levels and go long on a weekly reversal stop. If long, use the 3.41 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 5.24 - 5.97 levels during the week.
NUGT (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 9.54 Bullish
PRICE MOMENTUM: 10.27 Bullish
PRICE INDICATOR:
EXIT LONGS
2) 12.22
1) 11.05
EXIT SHORTS
1) 9.10
2) 8.23
WEEKLY TREND MOMENTUM
The contract closed above 8.15 The market closing below the 9 SMA 9.19 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.
WEEKLY PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 8.46, 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 7.26 - 6.38 levels and go long on a weekly reversal stop. If long, use the 6.38 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 9.34 - 10.54 levels during the week.
USLV (NASDAQ:USLV)
WEEKLY SUMMARY
TREND MOMENTUM: 15.21 Bearish
PRICE MOMENTUM: 14.18 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 16.15
1) 14.89
EXIT SHORTS
1) 12.92
2) 12.21
WEEKLY TREND MOMENTUM
The contract closed at 13.62. The market closing below the 9 SMA 15.21 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.
WEEKLY PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 14.18, 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 12.92 - 12.21 levels and go long on a weekly reversal stop. If long, use the 12.21 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 14.89 - 16.15 levels during the week.
Taseko Mines Limited (NYSE:TGB)
WEEKLY SUMMARY
TREND MOMENTUM: 1.24 Bearish
PRICE MOMENTUM: 1.13 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 1.25
1) 1.19
EXIT SHORTS
1) 1.07
2) 1.00
WEEKLY MOVING AVERAGES
The contract closed at 1.14. The market closing below the 9 SMA 1.24 is confirmation that the 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 1.13, 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 1.07 - 1.00 levels and go long on a weekly reversal stop. If long, use the 1.00 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.19 - 1.25 levels during the week.
JDST (NYSE:JDST)
WEEKLY SUMMARY
TREND MOMENTUM: 16.29 Bullish
PRICE MOMENTUM: 19.59 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 24.29
1) 22.11
EXIT SHORTS
1) 17.41
2) 14.89
WEEKLY MOVING AVERAGES
The contract closed at 19.93. The market closing above the 9 SMA 16.29 is confirmation that the 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 above The VC Weekly Price Momentum Indicator of 16.59, 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 17.41 - 14.89 levels and go long on a weekly reversal stop. If long, use the 14.89 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 22.11 - 24.29 levels during the week.
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