Tuesday, 15 January 2013

SILVER TREND FOR TODAY- 16-JAN-2013


Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing BUY signal but has moved past its recent high and the positive trend is still continuing and upward momentum is also developing. The oscillator is showing BUY signal For short term The current position is BUY.Positionally Support for the Silver is 58192-58080-58045-.Resistance for the Silver is 60386-60572-60885-
Short term and Intraday Level of SILVER
Intraday Trend- Buy is advised only above 60051 with a stop at 59104.5 Below 58868.9 go for sell and put stop at 59814.4
Intraday Resistance of SILVER are 59909.6/60283.6/59755.9/59878.2
Intraday Support of SILVER are 59008.4/58634.4/58782.1/58660.9
Currently Silver is in HOLD LONG position Silver has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 60051 with stop at 57810.0 The Silver is now trading is approaching overbought level. The oscillator is showing BUY signal 
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