Tuesday, 10 September 2013

SILVER TREND FOR TODAY- 11-Sep-2013

Silver is in long- medium- term bull phase .Currently Silver is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend .. The Silver is now trading in overbought level. The Silver is now trading in overbought level. The oscillator is showing SELL signal For short term Silver is in SELL position and Silver closed below 1 week low with volume signals down breakout.Positionally Support for the Silver is 46867-44918-44528-.Resistance for the Silver is 52900-54550-54831-
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 The Silver is in downtrend For short term buy only if close above 54609.0 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 51481.6 with stop loss at 52991 or sell below 50832.8 Buy only above 53642.4
Intraday Resistance of SILVER are 52840.5 : 53446 : 54451.2 : 52578.4 : 52626.1
Intraday Support of SILVER are 51629.5 : 51024 : 50018.8 : 51892.7 : 51845.4

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