SILVER TREND FOR TODAY- 05-Nov-2013

Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Silver is now trading in highly oversold level. The Silver is now trading in highly oversold level. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position.Positionally Immediate support for Silver is 42248.Resistance for the Silver is 44267-44871-46274-47643-48529-49333-

Short term and Intraday Level of SILVER

Currently Silver is in SELL position Silver is in sideways so for short term better buy above 44791.7 with stop at 42418.0 The Silver is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 44791.7 with a stop at 43308.6 Below 42873.8 go for sell and put stop at 44355.2
Intraday Resistance of SILVER are 44266.6 : 44702.3 : 45425.4 : 44145.6 : 44189.3
Intraday Support of SILVER are 43395.4 : 42959.7 : 42236.6 : 43517.5 : 43474.1

 

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