The silver markets fell during the session on Wednesday, but found enough support at the $20 level in order to bounce and form a hammer. It is because of the fact that we have formed two hammers and one shooting star in the last three sessions that we believe this market is essentially trying to wind itself up in order to break out. A sideways grind is probably what we’re going to see of the next couple of sessions, but ultimately if we can break the top of the shooting star from the Tuesday session, we believe that this market will head to the $21 level, and then possibly as high as $23.
Silver Forecast January 16, 2014, Technical Analysis
No comments:
Post a Comment