Monday, 15 July 2013

SILVER TREND FOR TODAY- 16-July-2013

Silver is bearish for medium-long term .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 40538-40413-.Resistance for the Silver is 41142-42446-43143-45284-
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 41118 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 41630.4 with a stop at 40570 Below 40272 go for sell with stop at 41331.2
Intraday Resistance of SILVER are 41547.3 : 42043.1 : 41254.1 : 41296.4
Intraday Support of SILVER are 40352.7 : 39856.9 : 40647 : 40605.1

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