Weekly Outlook: 2015, January 04 - 11

Silver markets didn’t do much during the course of the week as we continue to hang about in a small range, but at this point time we recognize of the $15 level is massively supportive. Nonetheless, we see a massive amount of resistance at $17 as well, so at this point time it’s difficult to imagine placing any type of longer-term trade at this point in time. However, we recognize the longer-term charts might offer those signals, but we don’t have it yet so we believe that short-term trades will be about as good as it gets.



the source

S&P 500 Index forecast for the week of January 5 2015, Technical Analysis