Sunday, 17 February 2013

SILVER TREND FOR TODAY- 18-FEB-2013


Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is inSELL position.Positionally Immediate support for Silver is 55723.Resistance for the Silver is 57661-57955-58453-58499-59823-59899-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position Silver is in sideways so for short term better buy above 57850.0 with stop at 55947.0 The Silver is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 56611.9 with a stop at 55733.4 Below 55515.9 go for sell and put stop at 56393.5
Intraday Resistance of SILVER are 56097.4/56126/56417.7/56536.5/56655.5
Intraday Support of SILVER are 56028.6/56000/55707.4/55589.5/55471.6


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