Wednesday, 16 January 2013

SILVER TREND FOR TODAY- 17-JAN-2013


Silver is bearish for medium-long term .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 58297-58181-58121-.Resistance for the Silver is 60384-60548-60837-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 58746 The Silver is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 60312.6 with a stop at 59362 Below 59125.3 go for sell with a stop at 60075
Intraday Resistance of SILVER are 60056.1/60336.6/60048.8/60171.4
Intraday Support of SILVER are 59379.9/59099.4/59072.6/58951.1

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