Friday, 12 April 2013

SILVER TREND FOR TODAY- 13-April-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 on BUY Signal and Silver is recovering from oversold level 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 48804.Resistance for the Silver is 51449-52204-53153-54041-55664-56457-
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 Silver is in sell mode sell below 48595.6 buy only above 52447.0 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 48595.6 with stop loss at 50267.3 or sell below 47860.1Buy is not advised till it cross 51005.8
Intraday Resistance of SILVER are 50165.1/50900.2/52120.4/50480.7/50593.1
Intraday Support of SILVER are 48694.9/47959.8/46739.6/49586/49474.7

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