Friday 15 February 2013

SILVER TREND FOR TODAY- 16-FEB-2013


Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Silver Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 55723.Resistance for the Silver is 57892-58156-58592-58596-59898-59937-

Short term and Intraday Level of SILVER

Currently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 57408.0 The Silver is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 56635.1 with a stop at 55756.2 Below 55538.7 go for sell
Intraday Resistance of SILVER are 56522.1/56884/56734/56853.2
Intraday Support of SILVER are 55649.9/55288/55785.3/55667.3

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