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Politics : Technical Analysis
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From: The1Stockman1/4/2014 11:41:14 AM
   of 14245
 
Silver forecast for the week of January 6, 2014, Technical Analysis
Posted January 04, 2014
By Christopher Lewis

The silver markets initially fell during the bulk of the week, but as you can see bounce high enough to close above the $20 level and form a hammer. This hammer is and the bottom of what could end up being a decent looking consolidation area. If that’s the case, this market should continue to go higher and aim for $22, and possibly $24. Nonetheless, we need to break the top of the hammer in order to start buying, but we will not hesitate as this looks like a market that’s trying to carve out a major bottom.

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