SILVER TREND FOR TODAY- 18-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 The current position is BUY and Silver closed below 1 week low with volume signals down breakout.Positionally Immediate support for Silver is 39771.Resistance for the Silver is 40770-40883-40928-42360-43076-45005-

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 sideways but the trend looks weak so better buy above 41962.0 or hold with stop at 39931.0 Yesterday the selling was with volume so risk takers can go for shorting at current rate with stop at 41962.0 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 39616.6 with stop loss at 40693.2 or sell below 39159.5Buy is not advised till it cross 41152.2
Intraday Resistance of SILVER are 40612 : 41070 : 41830.3 : 40455.1 : 40497
Intraday Support of SILVER are 39696 : 39238 : 38477.7 : 39854 : 39812.5

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