Silver is in long- medium- term bull phase .Currently Silver is in
strong downtrend with good momentum but volume is unsatisfactory The open
interest is not increasing with trend . In last few days volume based selling
happened in the Silver. The oscillator is showing SELL signal For short term
Silver is in SELL position
and closed below 3 week low with volume signals down breakout.Positionally
Support for the Silver is 47275-45122-44692-.Resistance for the Silver is
53334-54134-54541-
Short
term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close
above 53059.0 The Silver is now trading is approaching oversold level. The oscillator
is showing SELL signal
Intraday Trend- Buy is advised above 51750.5 with a stop at 49819 Below 49244.1 go for sell
Intraday Resistance of SILVER are 51039.9 : 51584.7 : 52489.2 : 50832.6 : 50879.5
Intraday Support of SILVER are 49950.1 : 49405.3 : 48500.8 : 50158.5 : 50111.9
Intraday Trend- Buy is advised above 51750.5 with a stop at 49819 Below 49244.1 go for sell
Intraday Resistance of SILVER are 51039.9 : 51584.7 : 52489.2 : 50832.6 : 50879.5
Intraday Support of SILVER are 49950.1 : 49405.3 : 48500.8 : 50158.5 : 50111.9
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ReplyDeleteSILVER (5 MAR.) TREND: CONSOLIDATE
RES 1: 45900
RES 2: 46300
SUPP 1: 44950
SUPP 2: 44500
STRATEGY: BUY ON DIPS
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