Monday 18 February 2013

SILVER TREND FOR TODAY- 19-FEB-2013


Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume 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 in SELL position.Positionally Immediate support for Silver is 55723.Resistance for the Silver is 57444-57845-58324-58431-59752-59865-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position The Silver is in slight down trend. Hold short with tight stop at 56417.0 If trades and sustain above 56122.0 it is again selling signal The Silver is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend-The Silver closed in a confusion manner So buy for intraday only above 56765.4 with a stop at 55884.5 If opens below 55884.5 or trade below 55666.4 be cautious or go for sell with stop at 56546.4
Intraday Resistance of SILVER are 56375.4/56508.5/56726/56845.2
Intraday Support of SILVER are 56054.6/55921.5/55777.3/55659.3

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