The VC Price Momentum Indicators: Gold
Patrick MontesDeOca | Apr 21, 2014 12:58AM ET
WEEKLY MOVING AVERAGES
The June gold futures contract closed at 1295. The market closing below the 9 MA (1325) 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 WEEKLY MOMENTUM INDICATOR
With the market closing below the The VC Weekly Price Momentum Indicator of 1303, it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.
VC CODE WEEKLY PRICE INDICATOR
Cover short on corrections at the 1276 – 1256 levels and go long on a weekly reversal stop. If long, use the 1256 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1323 – 1350 levels during the week.
h3 Silver/h3
WEEKLY MOVING AVERAGES
The July Silver futures contract closed at 19.67. The market closing below the 9 day MA (20.61) 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 WEEKLY MOMENTUM INDICATOR
With the market closing below The VC Weekly Price Momentum Indicator of 19.69, it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.
VC CODE WEEKLY PRICE INDICATOR
Cover short on corrections at the 19.22 – 18.77 levels and go long on a weekly reversal stop. If long, use the 18.77 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.14 – 20.61 levels during the week.
h3 Russel 2000/h3
WEEKLY MOVING AVERAGES
The contract closed at 1.138. The market closing below the 9 day MA (1.164) 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 WEEKLY MOMENTUM PRICE INDICATOR
With the market closing above The VC Weekly Price Momentum Indicator of 1.125 it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.
VC CODE WEEKLY PRICE INDICATOR
Cover short on corrections at the 1.108 – 1.078 levels and go long on a weekly reversal stop. If long, use the 1.078 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.154 – 1.171 levels during the week.
h3 Crude Oil/h3
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WEEKLY MOVING AVERAGES
The contract closed at 104.59. The market closing above the 9 day MA (101.59) 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 PRICE INDICATOR
With the market closing above The VC Weekly Price Momentum Indicator of 104.16 it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.
VC CODE WEEKLY PRICE INDICATOR
Cover short on corrections at the 103.33 – 102.08 levels and go long on a weekly reversal stop. If long, use the 102.08 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 105.41 – 106.24 levels during the week.
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