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Golden Eagle Futures Swing Trading Instructions Weekly 7-5-2013

Jul. 06, 2013 4:40 PM ETGLD, SLV, FXE, FXB, SPY, FXEN, MOO, DBA
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

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

GOLD

The August gold futures contract closed at 1222. The market closing below the 9 day MA (1342) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

With the market closing below the VC Weekly Price Momentum Indicator of 1232, it confirms that the price momentum is bearish.

Cover short on corrections at the 1193 to 1.172 levels and go long on a weekly reversal stop. If long, use the 1.172 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1257 and 1.292 levels during the week.

SILVER

The July Silver futures contract closed at 18.86. The market closing below the 9 day MA (19.23) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

With the market closing below the VC Weekly Price Momentum Indicator of 19.20, it confirms that the price momentum is bearish.

Cover short on corrections at the 18.33 and 17.79 levels and go long on a weekly reversal stop. If long, use the 17.79 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 19.74 and 20.61 levels during the week.

B POUND

The Sep B Pound futures contract closed at 1.49. The market closing below the 9 day MA (1.5287) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

With the market closing below the VC Weekly Price Momentum Indicator of 1.50 it confirms that the price momentum is bearish.

Cover short on corrections at the 1.4715 to 1.4554 levels and go long on a weekly reversal stop. If long, use the 1.4554 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.5168 and 1.5460 levels during the week.

EURO

The Sep Euro futures contract closed at 1.284. The market closing below the 9 day MA (1.3023) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

With the market closing below the VC Weekly Price Momentum Indicator of 1.2910, it confirms that the price momentum is bearish.

Cover short on corrections at the 1.2737 and 1.2636 levels and go long on a weekly reversal stop. If long, use the 1.2636 and 1.3184 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.2737 to 1.2636 levels during the week.

E MINI S&P 500

The Sep E Mini futures contract closed at 1.629. The market closing below the 9 day MA (1.629) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

With the market closing above the VC Weekly Price Momentum Indicator of 1.618, it confirms that the price momentum is bullish.

Cover short on corrections at the 1.6043 to 1.5797 levels and go long on a weekly reversal stop. If long, use the 1.5797 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.6423 and 1.6557 levels during the week.

SOYBEANS

The Aug Soybeans futures contract closed at 14.33. The market closing below the 9 day MA (15.13) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

With the market closing below the VC Weekly Price Momentum Indicator of 14.35, it confirms that the price momentum is bearish.

Cover short on corrections at the 14.18 to 14.02 levels and reverse and go long on a weekly reversal stop. If long, use the 14.02 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 14.51 and 14.68 levels during the week.

CRUDE OIL

The August Crude Oil contract closed at 103.22. The market closing above the 9 MA (96.17) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish trend to neutral.

With the market closing above the VC Weekly Price Momentum Indicator of 101, it confirms that the price momentum is bullish.

Cover shorts on corrections at the 98.30 to 93.38 levels and go long on a daily reversal stop. If long, use the 93.38 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 105.91 to 108.60 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.

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