Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.
GOLD
WEEKLY MOVING AVERAGES
The December gold futures contract closed at 1396 . The market closing above the 18 MA (1347) is confirmation that the trend momentum is bullish. A close below the 18 MA would negate the weekly bullish short-term trend to neutral.
WEEKLY PRICE MOMENTUM INDICATOR
With the market closing below the VC Weekly Price Momentum Indicator of 1405 it confirms that the price momentum is bearish.
WEEKLY PRICE OBJECTIVE INDICATOR
Cover short on corrections at the 1376 to 1356 levels and go long on a weekly reversal stop. If long, use the 1356 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1425 to 1454 levels during the week.
SILVER
WEEKLY MOVING AVERAGES
The December Silver futures contract closed at 23.56. The market closing above the 18 day MA (21.64) is confirmation that the trend momentum is bullish. A close below the 18 MA would negate the weekly bullish short-term trend to neutral.
WEEKLY PRICE MOMENTUM INDICATOR
With the market closing below the VC Weekly Price Momentum Indicator of 24.04, it confirms that the price momentum is bearish.
WEEKLY PRICE OBJECTIVE INDICATOR
Cover short on corrections at the 22.92 and 22.29 levels and go long on a weekly reversal stop. If long, use the 22.29 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 24.68 to 25.79 levels during the week.
B POUND
WEEKLY MOVING AVERAGES
The B Pound – PA Index contract closed at 155.08. The market closing above the 18 day MA (153.50) is confirmation that the trend momentum is bullish. A close below the 18 MA would negate the weekly bullish short-term trend to neutral.
WEEKLY PRICE MOMENTUM INDICATOR
With the market closing below the VC Weekly Price Momentum Indicator of 155.16 it confirms that the price momentum is bearish.
WEEKLY PRICE OBJECTIVE INDICATOR
Cover short on corrections at the 154.20 to 153.32 levels and go long on a weekly reversal stop. If long, use the 153.32 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 156.04 to 157 levels during the week.
EURO
WEEKLY MOVING AVERAGES
The Euro – PA Index contract closed at 132.23. The market closing above the 18 day MA (131.37) is confirmation that the trend momentum is bullish. A close below the 18 MA would negate the weekly bullish short-term trend to neutral.
WEEKLY PRICE MOMENTUM INDICATOR
With the market closing below the VC Weekly Price Momentum Indicator of 132.74, it confirms that the price momentum is bullish.
WEEKLY PRICE OBJECTIVE INDICATOR
Cover short on corrections at the 131.48 to 130.74 levels and go long on a weekly reversal stop. If long, use the 130.74 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 133.48 to 134.74. levels during the week.
AUSTRALIAN DOLLAR
WEEKLY MOVING AVERAGES
The Australian dollar – PA Index contract closed at 89.02. The market closing below the 18 MA (90.91) is confirmation that the trend momentum is bearish. A close above the 18 MA would negate the weekly bearish trend to neutral.
WEEKLY PRICE MOMENTUM INDICATOR
With the market closing below the VC Weekly Price Momentum Indicator of 89.55, it confirms that the price momentum is bearish.
WEEKLY PRICE OBJECTIVE INDICATOR
Cover shorts on corrections at the 88.40 to 87.78 levels and go long on a weekly reversal stop. If long, use the 87.78 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 88.40 to 87.78 levels during the week.
E MINI S&P 500
WEEKLY MOVING AVERAGES
The Sep E Mini futures contract closed at 1.633. The market closing below the 18 day MA (1.644) is confirmation that the trend momentum is bearish. A close above the 18 MA would negate the weekly bearish short-term trend to neutral.
WEEKLY PRICE MOMENTUM INDICATOR
With the market closing below the VC Weekly Price Momentum Indicator of 1.642, it confirms that the price momentum is bearish.
WEEKLY PRICE OBJECTIVE INDICATOR
Cover short on corrections at the 1.615 to 1.590 levels and go long on a weekly reversal stop. If long, use the 1.590 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.659 to 1.688 levels during the week.
SOYBEANS
WEEKLY MOVING AVERAGES
The Nov Soybeans futures contract closed at 13.57. The market closing above the 9 day MA (12.55) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.
WEEKLY PRICE MOMENTUM INDICATOR
With the market closing below the VC Weekly Price Momentum Indicator of 13.71, it confirms that the price momentum is bearish.
WEEKLY PRICE OBJECTIVE INDICATOR
Cover short on corrections at the 13.32 to 13.07 levels and go long on a weekly reversal stop. If long, use the 13.07 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.96 to 14.35 levels during the week.
CRUDE OIL
WEEKLY MOVING AVERAGES
The October Crude Oil contract closed at 107.75. The market closing above the 9 MA (105.61) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish trend to neutral.
WEEKLY PRICE MOMENTUM INDICATOR
With the market closing above the VC Weekly Price Momentum Indicator of 105.61, it confirms that the price momentum is bullish.
WEEKLY PRICE OBJECTIVE INDICATOR
Cover shorts on corrections at the 108.33 to 110.75 levels and go long on a weekly reversal stop. If long, use the 110.75 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 108.33 to 110.75 levels during the week.
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.
