Wednesday, 17 April 2013

SILVER TREND FOR TODAY- 18-April-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 .. 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.Positionally Immediate support for Silver is 42582.Resistance for the Silver is 49088-49950-51712-53136-54908-55817-
Short term and Intraday Level of SILVER
Last few days Silver is moving down and the trend looks weakCurrently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 45828.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 44514.1 with a stop at 43147.4 Below 42751.1 go for sell
Intraday Resistance of SILVER are 44028.1/44425.2/45084.4/43996.5/44101.4
Intraday Support of SILVER are 43233.9/42836.8/42177.6/43161.5/43057.7

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