Golden Eagle Futures Swing Trading Instructions: July 22
Patrick MontesDeOca | Jul 22, 2013 04:14AM ET
Signals are automatically generated by integrating electronic weekly nearest futures statistics with proprietary algorithms.
GOLD
The August gold futures contract closed 1.295. The market closing below the 9 day MA (1317) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.
With the market closing above the VC Weekly Price Momentum Indicator of 1288, it confirms that the price momentum is bullish.
Cover short on corrections at the 1276 and 1257 levels and go long on a weekly reversal stop. If long, use the 11257 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1307 to 1319 levels during the week.
SILVER
The July Silver futures contract closed at 19.49. The market closing below the 9 day MA (20.68) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.
With the market closing below the VC Weekly Price Momentum Indicatorof 19.63, it confirms that the price momentum is bearish.
Cover short on corrections at the 19.08 and 18.67 levels and go long on a weekly reversal stop. If long, use the 18.67 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.04 and 20.59 levels during the week.
B POUND
The Sep B Pound futures contract closed at 1.526. The market closing below the 9 day MA (1.5265) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.
With the market closing above the VC Weekly Price Momentum Indicatorof 1.52 it confirms that the price momentum is bullish.
Cover short on corrections at the 1.5093 and 1.4927 levels and go long on a weekly reversal stop. If long, use the 1.4927 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.5353 and 1.5447 levels during the week.
EURO
The Sep Euro futures contract closed at 1.3140. The market closing above the 9 day MA (1.3108) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.
With the market closing above the VC Weekly Price Momentum Indicatorof 1.3108, it confirms that the price momentum is bullish.
Cover short on corrections at the 1.303 and 1.292 levels and go long on a weekly reversal stop. If long, use the 1.292 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.3220 and 1.3297 levels during the week.
AUSTRALIAN DOLLAR
The Sep Australian dollar contract closed at 91.39. The market closing below the 9 MA (93.36) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish trend to neutral.
With the market closing above the VC Weekly Price Momentum Indicatorof 91.29, it confirms that the price momentum is bullish.
Cover shorts on corrections at the 90.06 and 88.72 levels and go long on a weekly reversal stop. If long, use the 88.72 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 92.63 and 93.86 levels during the week.
E MINI S&P 500
The Sep E Mini futures contract closed at 1.690. The market closing above the 9 day MA (1.632) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.
With the market closing above the VC Weekly Price Momentum Indicatorof 1.682, it confirms that the price momentum is bullish.
Cover short on corrections at the 1.674 and 1657 levels and go long on a weekly reversal stop. If long, use the 1.657 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.6880 and 1.698 and 1.707 levels during the week.
SOYBEANS
The Aug Soybeans futures contract closed at 14.884. The market closing above the 9 day MA (14.36) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.
With the market closing above the VC Weekly Price Momentum Indicatorof 14.68, it confirms that the price momentum is bullish.
Cover short on corrections at the 14.42 and 13.94 levels and go long on a weekly reversal stop. If long, use the 13.94 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 15.16 and 15.14 levels during the week.
CRUDE OIL
The August Crude Oil contract closed at 108.42. The market closing above the 9 MA (98.28) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish trend to neutral.
With the market closing above the VC Weekly Price Momentum Indicatorof 107.46, it confirms that the price momentum is bullish.
Cover shorts on corrections at the 105.61 and 102.79 levels and go long on a weekly reversal stop. If long, use the 102.79 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 110.28 and 112.13 levels during the week.
Disclaimer: Trading Derivatives, Financial Instruments And Precious Metals Involves Significant Risk Of Loss And Is Not Suitable For Everyone. Past Performance Is Not Necessarily Indicative Of Future Results.
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