Wednesday 13 February 2013

SILVER TREND FOR TODAY- 14-FEB-2013


Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend.. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 56982.Resistance for the Silver is 58305-58352-58795-58856-60016-60020-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 57948.0 The Silver is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 57805.9 with a stop at 57203.1 Below 57079.1 go for sell
Intraday Resistance of SILVER are 57685.3/57887.3/58046.5/58167.1
Intraday Support of SILVER are 57198.7/56996.7/57086.8/56967.4


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