Sunday, 28 April 2013

SILVER TREND FOR TODAY- 29-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 highly oversold level. The Silver is now trading in highly oversold level. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 43592-.Resistance for the Silver is 45263-47926-51237-53080-54533-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 44009 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 45976.4 with a stop at 44532.9 Below 44112.9 go for sell with a stop at 45554.8
Intraday Resistance of SILVER are 45188/45308.3/45411.5/45518.1
Intraday Support of SILVER are 44898/44777.7/44563.1/44457.6

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