Patrick MontesDeOca | Jul 04, 2016 02:35AM ET
C OIL
WEEKLY SUMMARY
TREND MOMENTUM: 48.01 Bullish
PRICE MOMENTUM: 48.84 Bullish
PRICE INDICATOR
EXIT LONG:
S2) 50.12
S1) 49.53
EXIT SHORTS:
B1) 48.25
B2) 47.56
WEEKLY MOVING AVERAGES
The contract closed at 48.95 The market closing above the 9 SMA 48.01 is confirmation that the trend momentum is bullish. A close below 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 48.84 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 48.25 – 47.56 levels and go long on a weekly reversal stop. If long, use the 47.56 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 49.53 – 50.12 levels during the week.
ES
WEEKLY SUMMARY
TREND MOMENTUM: 2062 Bullish
PRICE MOMENTUM: 2059 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2177
1) 2137
EXIT SHORTS:
1) 2019
2) 1941
WEEKLY MOVING AVERAGES
The contract closed at 2096 The market closing above the 9 SMA 2062 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 2059 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 2019 – 1941 levels and go long on a weekly reversal stop. If long, use the 1941 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2137 – 2177 levels during the week.
2.096
FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.58 Bullish
PRICE MOMENTUM: 0.60 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 0.694
S1) 0.66
EXIT SHORTS
B1) 0.574
B2) 0.518
WEEKLY MOVING AVERAGES
The contract closed at 0.63. The market closing above the 9 SMA 0.582 is confirmation that the trend momentum is bullish. A close above 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 0.602 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 0.574 – 518 levels and go long on a weekly reversal stop. If long, use the 0.518 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.66 – 0.69 levels during the week.
Teucrium Corn (NYSE:CORN)
WEEKLY SUMMARY
TREND MOMENTUM: 4.00 Bearish
PRICE MOMENTUM: 3.74 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 4.17
1) 3.88
EXIT SHORTS
WEEKLY MOVING AVERAGES
The contract closed at 3.60 The market closing below the 9 SMA 4.00 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 below The VC Weekly Price Momentum Indicator of 3.74 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 3.45 – 3.31 levels and go long on a weekly reversal stop. If long, use the 3.31 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.88 – 4.17 levels during the week.
Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 163.19 Bullish
PRICE MOMENTUM: 217 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 286
1) 262
EXIT SHORTS:
WEEKLY MOVING AVERAGES
The contract closed at 238.04 The market closing above the 9 SMA 163.19 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 217.01 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 193.03 – 148.01 levels and go long on a weekly reversal stop. If long, use the 148.01 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 262.02 – 286.01 levels during the week.
Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 104.26 Bullish
PRICE MOMENTUM: 133.97 Bullish
PRICE INDICATOR
EXIT LONGS
2) 170.72
1) 157.59
EXIT SHORTS
1) 120.84
2) 97.22
WEEKLY MOVING AVERAGES
The contract closed at 144.46 The market closing above the 9 SMA 104.26 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 133.97, 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 120.84 – 97.22 levels and go long on a weekly reversal stop. If long, use the 97.22 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 157.59 – 170.72 levels during the week.
VelocityShares 3x Long Silver linked to S&P GSCI Silver ER (NASDAQ:USLV)
WEEKLY SUMMARY
TREND MOMENTUM: 17.65 Bullish
PRICE MOMENTUM: 23.22 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 30.87
1) 28.08
EXIT SHORTS
1) 20.44
2) 15.59
WEEKLY MOVING AVERAGES
The contract closed at 25.30. The market closing above the 9 SMA 17.65 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 23.22, it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 20.44 – 15.59 levels and go long on a weekly reversal stop. If long, use the 15.59 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.08 – 30.87 levels during the week.
ProShares Ultra Bloomberg Crude Oil (NYSE:UCO)
WEEKLY SUMMARY
TREND MOMENTUM: 12.36 Bullish
PRICE MOMENTUM: 12.20 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 13.41
1) 13.40
EXIT SHORTS
1) 11.38
2) 10.18
WEEKLY MOVING AVERAGES
The contract closed at 12.59. The market closing below the 9 SMA 12.36 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 12.20, 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 11.39 – 10.18 levels and go long on a weekly reversal stop. If long, use the 10.18 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.41 – 14.22 levels during the week.
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