Trading Instructions April 7, 2017Signals are automatically generated by integrating electronic
weekly statistics with proprietary algorithms.
weekly statistics with proprietary algorithms.
Gold
WEEKLY SUMMARY
TREND MOMENTUM: 1241 Bullish
PRICE MOMENTUM: 1258 Bearish
PRICE INDICATOR:
EXIT LONGS:
2 ) 1286
1) 1272
EXIT SHORTS:
- 1244
- 1230
WEEKLY TREND MOMENTUM
The gold futures contract closed at 1257. The market closing above the 9 day SMA 1241 is confirmation that the weekly trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.
WEEKLY PRICE MOMENTUM
With the market closing below the VC Weekly Price Momentum Indicator of 1258, 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 1244 - 1230, and go long on a weekly reversal stop. If long, use the 1230 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 1272 - 1286 during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 17.79 Bullish
PRICE MOMENTUM: 18.12 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 18.66
1) 18.46
EXIT SHORTS:
- 17.92
- 17.58
WEEKLY TREND MOMENTUM
The silver futures contract closed at 18.15. The market closing above the 9 SMA 17.86, is confirmation that the weekly trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.
WEEKLY PRICE MOMENTUM
With the market closing below the VC Weekly Price Momentum Indicator of 18.17, it confirms that the price momentum is bullish. A close below the VC Weekly, it would trigger weekly stops and negate the bullish signal to neutral.
WEEKLY PRICE INDICATOR
Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 17.84 - 17.54, and go long on a weekly reversal stop. If long, use the 17.54 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 18.47 - 18.80 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 herein constitutes a solicitation of the purchase or sale of any futures or options contracts. It is for educational purposes only.