The VC Price Momentum Indicator
Weekly Futures Swing Reversion Trading Instructions
February 9, 2018
Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.
TREND MOMENTUM: 1319 Bearish
PRICE MOMENTUM: 1325 Bearish
2 ) 1365
WEEKLY TREND MOMENTUM
Thecontract closed at 1316. The market closing below the 9 day SMA 1319 is confirmation that the weekly trend momentum is berish. 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 1325, is confirmation 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 1300 - 1285, and go long on a weekly reversal stop. If long, use the 1285 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 1340 - 1365 during the week.
Gold Weekly Continuation Candlestick Chart
*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. This report is for educational purposes only.