SILVER TREND FOR TODAY- 21-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 . In last few days volume based selling happened in the Silver. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Silver is 53053.Resistance for the Silver is 56705-57307-57926-58295-59547-59771-

Short term and Intraday Level of SILVER

Silver and closed below 1 week low with volume signals down breakoutCurrently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 56021.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 54938.5 with a stop at 53059.3 Below 52506 go for sell
Intraday Resistance of SILVER are 54274.4/54828.8/55749.1/54554.1/54671
Intraday Support of SILVER are 53165.6/52611.2/51690.9/53623.9/53508.1

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