Tuesday, 27 August 2013

SILVER TREND FOR TODAY- 27-Aug-2013

Silver is in perfect uptrend .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Silver is now trading in highly overbought level. The Nickel is now trading in highly overbought level. The oscillator is showing SELL signal For short term The current position is BUY and closed above 1 week high with volume signals up breakout.Positionally Support for the Silver is 51112-48659-45752-43244-43167-43020-. Immediate resistance for Silver is 54956
Short term and Intraday Level of SILVER
Silver closed above 1 week high with volume signals up breakoutCurrently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 52599 The Silver is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 54590.7 with a stop at 53332.7 Below 52986 go for sell with a stop at 54242.6
Intraday Resistance of SILVER are 54458.2 : 55015.2 : 54135.4 : 54183.8
Intraday Support of SILVER are 53115.8 : 52558.8 : 53439.7 : 53391.6

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