The VC Price Momentum Indicator – Weekly Futures Swing Trading Instructions 12.27.13

Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.

GOLD

WEEKLY MOVING AVERAGES

The February gold futures contract closed at 1214 . The market closing below the 9 MA (1253) 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 above the VC Weekly Price Momentum Indicator of 1208, it confirms that the price momentum is bullish. A close below it would negate the bullish signal to neutral.

VC CODE WEEKLY PRICE INDICATOR

Cover short on corrections at the 1198 to 1181 levels and go long on a weekly reversal stop. If long, use the 1181 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1225 to 1.245 to levels during the week.

 

SILVER

WEEKLY MOVING AVERAGES

The March Silver futures contract closed at 20.08. The market closing below the 9 day MA (20.31) 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 above the VC Weekly Price Momentum Indicator of 19.81, it confirms that the price momentum is bullish. A close below it would negate the bullish signal to neutral.

VC CODE WEEKLY PRICE INDICATOR

Cover short on corrections at the 19.53 to 18.97 levels and go long on a weekly reversal stop. If long, use the 18.97 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.37 to 20.65 levels during the week.

EURO

WEEKLY MOVING AVERAGES

The Euro – PA Index contract closed at 137.49. The market closing above the 9 day MA (135.96) 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 INDICATOR

With the market closing below the VC Weekly Price Momentum Indicator of 137.50, it confirms that the price momentum is bearish.  A close above it would negate the bearish signal to neutral.

VC CODE WEEKLY PRICE INDICATOR

Cover short on corrections at the 136.53 to 135.58 levels and go long on a weekly reversal stop. If long, use the 135.58 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 138.45 to 139.42 levels during the week.

DOLLAR INDEX

WEEKLY MOVING AVERAGES

The March futures contract closed at 80.50. The market closing below the 9 day MA (80.83) is confirmation that the trend momentum is bearish. A close above it would negate the bearish signal to neutral.

VC CODE WEEKLY MOMENTUM INDICATOR

With the market closing above the VC Weekly Price Momentum Indicator of 80.37, it confirms that the price momentum is bullish.  A close below it would negate the bearish signal to neutral.

VC CODE WEEKLY PRICE INDICATOR

Cover short on corrections at the 79.95 to 79.40 levels and go long on a weekly reversal stop. If long, use the 79.40 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 80.91 to 81.32 levels during the week.

E MINI S&P 500

WEEKLY MOVING AVERAGES

The Dec E Mini futures contract closed at 1.837. The market closing above the 9 day MA (1.790) 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 1.831, it confirms that the price momentum is bullish.  A close below it would negate the bearish signal to neutral.

VC CODE WEEKLY PRICE INDICATOR

Cover short on corrections at the 1.823 to 1.808 levels and go long on a weekly reversal stop. If long, use the 1.808 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.846 to 1.854 levels during the week.

CRUDE OIL

WEEKLY MOVING AVERAGES

The February Crude Oil contract closed at 100.18. The market closing above the 9 MA (96.31) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish trend to neutral.

VC CODE WEEKLY MOMENTUM INDICATOR

With the market closing above the VC Weekly Price Momentum Indicator of 99.82, it confirms that the price momentum is bullish.  A close below it would negate the bearish signal to neutral.

VC CODE WEEKLY PRICE INDICATOR

Cover shorts on corrections at the 98.89 to 97.60 levels and go long on a weekly reversal stop. If long, use the 97.60 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 101.11 to 102.04 levels during the week.

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 therein constitutes a solicitation of the purchase or sale of any futures or options contracts

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.

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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